[Session B6. SCM(2)] On calculating the mean physical stock in periodic review inventory systems
Changkyu Park, Eun-Il Son, Kyu‐Yong Lee · 한국경영과학회 학술대회논문집 · 2001
When estimating the mean physical stock in a periodic review inventory system, approximate calculations can yield inaccurate results, especially for low service level. Low service levels frequently occur at the upper stream of multi-echelon systems. This paper proposes the extended approximation of Silver and Peter.