Calculation of Reorder Point Level under Stochastic Parameters: A Case Study in Healthcare Area
نویسندگان
چکیده
We consider a single-echelon, single-item inventory system where both demand and lead-time are stochastic. Continuous review policy is used to control the inventory system. The objective is to calculate the reorder point level under stochastic parameters. A case study is presented in Neonatal Intensive Care Unit. Keywords—Inventory control system, reorder point level, stochastic demand, stochastic lead time
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