Inventory management: simulation of a (s,q) inventory policy

A (s,q) inventory policy with normal, gamma or empirically discrete distributed period demands is simulated. The time unit is one day. At the end of each day the inventory position is reviewed (periodic review with r=1). For normal distributed demand the parameter s and q can be be computed in the modul (s,q) inventory policy.

Literature:

- Tempelmeier (2006)