Average fill rate and horizon length

✍ Scribed by Arunava Banerjee; Anand Paul

• Book ID: 103877670
• Publisher: Elsevier Science
• Year: 2005
• Tongue: English
• Weight: 169 KB
• Volume: 33
• Category: Article
• ISSN: 0167-6377
• DOI: 10.1016/j.orl.2004.09.008

✦ Synopsis

Given a sequence of independent and identically distributed demands and an order up to replenishment policy with negligible lead time, we prove that average fill rate is monotonically decreasing in the number of periods in the planning horizon. This was conjectured to be true in a recent issue of this journal.