Periodic_review_normal: Periodic_review_normal

In inventorize: Inventory Analytics, Pricing and Markdowns

Periodic_review_normal

Description

Simulating a Periodic order up to level policy, .

Usage

Periodic_review_normal(
  demand,
  mean,
  sd,
  leadtime,
  service_level,
  Review_period,
  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 ordeering happens.
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 .

Value

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

Author(s)

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

Examples

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

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