Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/188799 
Year of Publication: 
2016
Citation: 
[Journal:] Journal of Industrial Engineering and Management (JIEM) [ISSN:] 2013-0953 [Volume:] 9 [Issue:] 5 [Publisher:] OmniaScience [Place:] Barcelona [Year:] 2016 [Pages:] 983-990
Publisher: 
OmniaScience, Barcelona
Abstract: 
Purpose: The exact estimation of the fill rate in the lost sales case is complex and time consuming. However, simple and suitable methods are needed for its estimation so that inventory managers could use them. Design/methodology/approach: Instead of trying to compute the fill rate in one step, this paper focuses first on estimating the probabilities of different on-hand stock levels so that the fill rate is computed later. Findings: As a result, the performance of a novel proposed method overcomes the other methods and is relatively simple to compute. Originality/value: Existing methods for estimating stock levels are examined, new procedures are proposed and their performance is assessed.
Subjects: 
fill rate
lost sales
periodic review policy
Persistent Identifier of the first edition: 
Creative Commons License: 
cc-by-nc Logo
Document Type: 
Article

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