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Journal of the Operational Research Society Volume 26, 1975 - Issue 2
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Technical Note

A Note on the Efficient Solution of the Reorder Quantity Equation ∫0rf(x).dx = T

M. F. CantleyDepartment of Operational ResearchUniversity of Lancaster
Pages 445-447 | Published online: 19 Dec 2017
 
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Abstract

This note concerns the problem of finding the reorder level which causes a predetermined probability of stockout during the lead time. It describes a very rapidly convergent algorithm which is of value in achieving computational efficiency.

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