Abstract
An inventory control system with a regular review reorder base is inappropriate for slow-moving items. Under this periodic review environment, there are many periods in which no demand occurs and thus no replenishment is needed. In the current paper, a model that makes a replenishment decision at the time when demand transaction occurs is proposed. The study develops a simple graphical aid for choosing appropriate replenishment size in consistence with the desired service level without explicitly calculating the reorder point by assuming that the three variables—demand size, demand intensity and lead time, are all Gamma distributed.
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