Monday , June 18 2018

Implementing an Exact Estimation Approach of the Base Stock
for the Periodic Review Policy Based on Fill Rate

Eugenia BABILONI, Ester GUIJARRO, Manuel CARDÓS
Universidad Politècnica de València
Camino de Vera s/n, Valencia, Spain

Abstract: Recent developments on the fill rate estimation in periodic review stock policies provide new techniques for setting up the stock policy parameters including exact procedures. However, the implementation of this method in real environments may be a difficult task due to issues such as the availability of demand data, the identification of an appropriate demand distribution pattern and the target fill rate established for each item according to a global target fill rate. This paper focuses on the modifications needed in the information management system of a company in order to implement an exact estimation procedure of the stock policies taking advantage of available data.

Keywords: Stock control, fill rate, data model, DSS.

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CITE THIS PAPER AS:
Eugenia BABILONI, Ester GUIJARRO, Manuel CARDÓS, Implementing an Exact Estimation Approach of the Base Stock for the Periodic Review Policy Based on Fill Rate, Studies in Informatics and Control, ISSN 1220-1766, vol. 22 (3), pp. 289-296, 2013.

https://doi.org/10.24846/v22i3y201305