inventorize (version 1.1.1)

reorderpoint_leadtime_variability: reorderpoint_leadtime_variability

Description

Calculating saftey stock based on the cycle service level.

Usage

reorderpoint_leadtime_variability(
  dailydemand,
  dailystandarddeviation,
  leadtimein_days,
  sd_leadtime_days,
  csl,
  distribution = "nbinom"
)

Arguments

dailydemand

numeric,daily Expected demand of the SKU .

dailystandarddeviation

numeric, standard deviation of daily demand of the SKU .

leadtimein_days

leadtime in days of order.

sd_leadtime_days

standard deviation of leadtime in days of order.

csl

cycle service level requested

distribution

distribution to calculate safety stock based on demand distribution, current choices are 'normal' 'poisson','gamma' and negative binomial 'nbinom'

Value

a dataframe that contains demand lead time,sigmadl,safteyfactor and re_order point.

Details

Calculating re-order point based on demand variability and lead time variability in an assumed normal distribution. cycle service level is provided to calculate saftey stock accordingly.

Examples

# NOT RUN {
reorderpoint_leadtime_variability(dailydemand=50,dailystandarddeviation=5,
leadtimein_days=6,sd_leadtime_days=2,csl=0.90)
# }