Selecting T for a periodic review invent
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James Flynn
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Article
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2000
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John Wiley and Sons
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English
โ 486 KB
Consider a single-item, periodic review, infinite-horizon, undiscounted, inventory model with stochastic demands, proportional holding and shortage costs, and full backlogging. Orders can arrive in every period, and the cost of receiving them is negligible (as in a JIT setting). Every T periods, one