Hibrid_normal: Hibrid_normal

In inventorize: Inventory Analytics, Pricing and Markdowns

Hibrid_normal

Description

Hibrid Policy normal distribution service level, .

Usage

Hibrid_normal(
  demand,
  mean,
  sd,
  leadtime,
  service_level,
  Review_period,
  min = FALSE,
  shortage_cost = FALSE,
  inventory_cost = FALSE,
  ordering_cost = FALSE
)

Arguments

demand	A vector of demand in N time periods.
mean	average demand in N time periods.
sd	standard deviation in N time periods.
leadtime	lead time from order to arrival
service_level	cycle service level requested
Review_period	the period where the ordering happens.
min	min quantity for order up to level,if FALSE, then calculated automatically.
shortage_cost	shortage cost per unit of sales lost
inventory_cost	inventory cost per unit.
ordering_cost	ordering cost for every time an order is made.

Details

The Function takes a demand vector, mean of demand ,sd,lead time and requested service level to simulate and inventory system, orders are lost if inventory level is less than requested demand, also ordering is made at day t+1, metrics like item fill rate and cycle service level are calculated. the order up to level is calculated based on the review period,lead time and normal distribution. Inventory is replenished if inventory position is below min or it is time for review period.

Value

a list of two date frames, the simulation and the metrics.

Author(s)

"haytham omar email: <[e-mail]>"

Examples

Hibrid_normal(demand=rpois(80,6),mean=4,sd=0.2,leadtime=5,service_level=0.95,
Review_period =9,min=30,
shortage_cost= FALSE,inventory_cost=FALSE,ordering_cost=FALSE)

inventorize documentation built on June 1, 2022, 1:07 a.m.