Distribution-Independent Inventory Approach under Multiple Service Level Targets
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Jan 27, 2017
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Jun 14, 2015
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Abstract
A system and method are disclosed for an inventory planner that generates an inventory policy using any form of demand distributions, non-linear cost functions and/or multiple target measures of service levels, while taking into account a supply order lead time, such as, for example, a static or stochastic supply order lead time. The inventory policy generated by the inventory planner comprises an optimal and reproducible solution to one or more supply chain planning problems.
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