Three Ways to Reorder: Continuous (s,Q), Periodic (R,S) and Min–Max (s,S)
This lesson is part of the course
In this lesson
You set the reorder point of a continuous (s,Q) policy and the order-up-to level of a periodic (R,S) policy for the same item, place today's min–max order and compare how often each policy orders.
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Lessons in this course
- Three Ways to Reorder: Continuous (s,Q), Periodic (R,S) and Min–Max (s,S) Locked
- The Order-Up-To Level: Demand Over R + L Plus Safety Stock Locked
- Choosing the Review Period: Ordering Cost Against Holding Cost Locked
- Inventory Position: On Hand + On Order − Backorders, and the Order at Each Review Locked
- A 52-Week Simulation: Arrivals After the Lead Time, Net Stock and the Pipeline Locked
- Service Measures: Stock-Out Weeks, Fill Rate and Average Stock Locked
- Tuning Min–Max: Cost Versus Service for Six (s,S) Settings Locked
- Joint Replenishment: One Supplier, a Common Review Day and a Minimum Order Value Locked