Distribution-independent inventory approach under multiple service level targets
US11687875B2 · kind B2 · utility
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18Claims
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Key dates
| Filing date | Apr 7, 2021 |
| Grant date | Jun 27, 2023 |
| Priority date | — |
| Expiry date | Apr 7, 2041 |
Classification
- Technology area (CPC G)Physics
- CPC primaryG06Q30/0202
- WIPO fieldIT methods for management
- WIPO sectorElectrical engineering
Abstract
A system and method are disclosed for an inventory planner that generates an inventory policy using any form of demand distributions, non-linear cost functions and/or multiple target measures of service levels, while taking into account a supply order lead time, such as, for example, a static or stochastic supply order lead time. The inventory policy generated by the inventory planner comprises an optimal and reproducible solution to one or more supply chain planning problems.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.