## A Graphical Method for Optimizing a Continuous Review Inventory System |

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abcissa is given Abraham D actual demand ANNUAL MINIMUM COST Blumenfeld Carlos F computer program continuous review inventory COST PER EXPEDITED COST PER REGULAR cumulative distribution function Daganzo University density function derived from Eq deviation of uncertainty DEVIATION UNCERTAINTY normalized DGPR DIFFERENCE AMONG PREDICTED ESTIMATING LEAST-COST Example EXPEDITED SHIPMENT expediting cost FD/Q FIXED FREIGHT COST flowchart forecasted demand and/or given by Eq given safety stock GRAPHICAL METHOD Horowitz Transportation Research impact of uncertainty inventory cost lead LEAST-COST SAFETY STOCK Motors Research Laboratories normal distribution normal random variable number of parameters optimal safety stock optimal shipment optimal value OPTIMIZING A CONTINUOUS order's issue Peterson and Silver PLOT CALCULATE LEAST-COST premium transportation cost QoLPR REGULAR SHIPMENT DOLLARS REORDER INVENTORY POINT reorder point REVIEW INVENTORY CONTROL review inventory system Safety Stock Cost safety stock factor STANDARD DEVIATION UNCERTAINTY suppliers TOTAL ANNUAL COST total cost Transportation Research Department uncertainty reduction unit normal random XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX