Improving expected shortage estimations in the base-stock policy by accounting for undershoots
Shortage events are inevitable random phenomena in inventory systems when dealing with real demand. For inventory managers, knowing the size of these shortages becomes crucial to deciding the optimal policy for the inventory system. Therefore, the Expected Shortage per Replenishment Cycle, ESPCR, is...
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| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
Universitat Politècnica de València
2025-01-01
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| Series: | International Journal of Production Management and Engineering |
| Subjects: | |
| Online Access: | https://polipapers.upv.es/index.php/IJPME/article/view/22044 |
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