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INVENTORY SERVICE-LEVEL MEASURES: CONVEXITY AND APPROXIMATION.

Publication ,  Journal Article
Zipkin, P
Published in: Management Science
1986

We argue that standard approximations for two often-used inventory service-level measures may perform poorly in many situations. Then we confirm the long-standing conjecture that the (relatively) exact formulas for these quantities are convex functions of the relevant control variables. Both results suggest the exact expressions should be seriously considered in practical work.

Duke Scholars

Published In

Management Science

Publication Date

1986

Volume

32

Issue

8

Start / End Page

975 / 981

Related Subject Headings

  • Operations Research
  • 15 Commerce, Management, Tourism and Services
  • 08 Information and Computing Sciences
 

Citation

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Zipkin, P. (1986). INVENTORY SERVICE-LEVEL MEASURES: CONVEXITY AND APPROXIMATION. Management Science, 32(8), 975–981.
Zipkin, P. “INVENTORY SERVICE-LEVEL MEASURES: CONVEXITY AND APPROXIMATION.Management Science 32, no. 8 (1986): 975–81.
Zipkin P. INVENTORY SERVICE-LEVEL MEASURES: CONVEXITY AND APPROXIMATION. Management Science. 1986;32(8):975–81.
Zipkin, P. “INVENTORY SERVICE-LEVEL MEASURES: CONVEXITY AND APPROXIMATION.Management Science, vol. 32, no. 8, 1986, pp. 975–81.
Zipkin P. INVENTORY SERVICE-LEVEL MEASURES: CONVEXITY AND APPROXIMATION. Management Science. 1986;32(8):975–981.

Published In

Management Science

Publication Date

1986

Volume

32

Issue

8

Start / End Page

975 / 981

Related Subject Headings

  • Operations Research
  • 15 Commerce, Management, Tourism and Services
  • 08 Information and Computing Sciences