The undershoot of the reorder point: Tests of an approximation

Keyphrases

• Batch Size 100%
• Undershoot 100%
• Reorder Point 100%
• Random Variables 50%
• Business Environment 50%
• Inventory System 50%
• Potential Errors 50%
• Renewal Process 50%
• Batch Demands 50%
• System Order 50%
• Order Size 50%
• Demand Distribution 50%
• Small Batch Size 50%

Mathematics

• Test Point 100%
• Batch Size 100%
• Random Variable 33%
• Variance 33%
• Renewal Process 33%
• Approach Infinity 33%