Fuzzy modeling approach to on-hand stock levels estimation in (R, S) inventory system with lost sales

  1. Ester Guijarro 1
  2. Eugenia Babiloni 1
  3. María José Canós Darós 2
  4. Lourdes Canós Darós 1
  5. Sofíá Estellés 1
  1. 1 Universidad Politécnica de Valencia
    info

    Universidad Politécnica de Valencia

    Valencia, España

    ROR https://ror.org/01460j859

  2. 2 Universitat de València
    info

    Universitat de València

    Valencia, España

    ROR https://ror.org/043nxc105

Revista:
Journal of Industrial Engineering and Management

ISSN: 2013-0953

Año de publicación: 2020

Volumen: 13

Número: 3

Páginas: 464-474

Tipo: Artículo

DOI: 10.3926/JIEM.3071 DIALNET GOOGLE SCHOLAR lock_openAcceso abierto editor

Otras publicaciones en: Journal of Industrial Engineering and Management

Resumen

One challenge in inventory control models is to know the stock available at the beginning of the cycle to satisfy future demands, i.e. to know the on-hand stock levels at order delivery. For inventory managers, this knowledge is necessary to both determine service levels and establish the control parameters of the inventory policy. However, the calculation of on-hand stock levels when unfilled demand is lost is mathematically complex since on-hand stock cannot be negative by definition. The purpose of this paper is to propose a new approach to estimate on-hand stock levels when the inventory is periodically reviewed and unfilled demand is lost, through the use of fuzzy techniques

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