Abstract
Stock level frequency distributions are derived for continuous review stock control policies in which the lead time demand is normally distributed. The percentage points of the distributions have been tabulated, and the table can be used to determine the reorder point that will meet a specified customer order quantity from stock with a specified probability. The results can also be used to determine the order up to point for a periodic review policy and the reorder point for a mixed policy.
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Sculli, D. Stock Control Using the Stock Level Frequency Distribution. J Oper Res Soc 31, 889–893 (1980). https://doi.org/10.1057/jors.1980.164
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DOI: https://doi.org/10.1057/jors.1980.164