**Commenced**in January 2007

**Frequency:**Monthly

**Edition:**International

**Paper Count:**31103

##### Calculation of Reorder Point Level under Stochastic Parameters: A Case Study in Healthcare Area

**Authors:**
Serap Akcan,
Ali Kokangul

**Abstract:**

**Keywords:**
stochastic demand,
Inventory control system,
reorder point level,
stochastic lead time

**Digital Object Identifier (DOI):**
doi.org/10.5281/zenodo.1072854

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[8] R. M. Hill, "Continuous-review, lost-sales inventory models with Poisson demand, a fixed lead-time and no fixed order cost," European Journal of Operational Research, 176, 2007, pp. 956-963.

[9] R. M. Hill, M. Seifbarghy and D. K. Smith, "A two-echelon inventory model with lost sales," European Journal of Operational Research, 181, 2007, pp. 753-766.

[10] E. Kopytov, L. Greenglaz, A. Muravyov, E. Puzinkevich, "Modelling of two strategies in inventory control system with random lead time and demand," Computer Modelling and New Technologies, 11 (1), 2007, pp. 21-30.

[11] M. A. Darwish, "Joint determination of order quantity and reorder point of continuous review model under quantity and freight rate discounts," Computers & Operations Research, 35 (12), 2008, pp. 3902- 3917.

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[13] A. Kokangul, A. Ozkan, S. Akcan, K. Ozcan and M. Narli, "Statistical Analysis of Patients- Characteristics in Neonatal Intensive Care Units," Journal of Medical Systems, 34 (4), 2010, pp. 471-478.

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[15] R. G. Sargent, "Verification and Validation of Simulation Models," Proceedings of the 1998 Winter Simulation Conference, pp. 121-130.