A Note on the Convexity of Service-Level Measures of the (r, q) System
- 1 March 1998
- journal article
- Published by Institute for Operations Research and the Management Sciences (INFORMS) in Management Science
- Vol. 44 (3), 431-432
- https://doi.org/10.1287/mnsc.44.3.431
Abstract
This note gives a simple proof that in a (r, q) system the average outstanding backorders and the average stockouts per unit time are jointly convex in the two control variables q and r.Keywords
This publication has 2 references indexed in Scilit:
- Inventory Service-Level Measures: Convexity and ApproximationManagement Science, 1986
- Semi-stationary clearing processesStochastic Processes and their Applications, 1978