## What is/are Periodic Review Inventory?

Periodic Review Inventory - Historically, the common replenishment cycle (similar to the popular periodic review inventory system) excels in convenience but tends to lag behind in cost effectiveness.^{[1]}We study a single-item periodic review inventory policy.

^{[2]}To replenish items, the retailer uses a periodic review inventory system and decides on the review period, order-up-to-level and promotional effort.

^{[3]}In this article, a periodic review inventory model has been analysed in a fuzzy random framework.

^{[4]}Therefore, we study a periodic review inventory system with a single stocking point and a zero replenishment lead time, used to meet lower-priority demands that are planned, as well as stochastic, high-priority demands.

^{[5]}Originality/value The most important finding is that GIRP model with reordering point inventory control policy should be applied for the first replenishment and delivery run and GIRP model with periodic review inventory control policy should be conducted for the remaining replenishment and delivery runs based on overall simulation results.

^{[6]}In the investigated model, the stochastic demand in a decentralized supply chain is considered and the retailer uses Periodic Review Inventory System that the visit interval is determined by the supplier and he only decides on the service level that determining this amount can affect the supplier's profitability.

^{[7]}Findings This study develops a finite horizon, periodic review inventory model to identify an optimal and dynamic replenishment and allocation policy.

^{[8]}We study a finite horizon, single product, periodic review inventory system with \emph{two} supply sources and a salvage option.

^{[9]}For the importance of deteriorating in units, this paper presents a Constraint Deteriorating Probabilistic Periodic Review Inventory Model (CDPPRIM), a model which is applicable under some assumptions: (1) the demand is a random variable that follows Pareto distribution without lead time, (2) some costs are varying and shortage is permitted, (3) the deterioration rate follows Gumbel distribution, and (4) there is a constraint on varying deteriorating cost.

^{[10]}This paper studies a finite horizon, single product, periodic review inventory system with two supply sources and salvage options.

^{[11]}

## periodic review inventory system

Historically, the common replenishment cycle (similar to the popular periodic review inventory system) excels in convenience but tends to lag behind in cost effectiveness.^{[1]}To replenish items, the retailer uses a periodic review inventory system and decides on the review period, order-up-to-level and promotional effort.

^{[2]}Therefore, we study a periodic review inventory system with a single stocking point and a zero replenishment lead time, used to meet lower-priority demands that are planned, as well as stochastic, high-priority demands.

^{[3]}In the investigated model, the stochastic demand in a decentralized supply chain is considered and the retailer uses Periodic Review Inventory System that the visit interval is determined by the supplier and he only decides on the service level that determining this amount can affect the supplier's profitability.

^{[4]}We study a finite horizon, single product, periodic review inventory system with \emph{two} supply sources and a salvage option.

^{[5]}This paper studies a finite horizon, single product, periodic review inventory system with two supply sources and salvage options.

^{[6]}

## periodic review inventory model

In this article, a periodic review inventory model has been analysed in a fuzzy random framework.^{[1]}Findings This study develops a finite horizon, periodic review inventory model to identify an optimal and dynamic replenishment and allocation policy.

^{[2]}For the importance of deteriorating in units, this paper presents a Constraint Deteriorating Probabilistic Periodic Review Inventory Model (CDPPRIM), a model which is applicable under some assumptions: (1) the demand is a random variable that follows Pareto distribution without lead time, (2) some costs are varying and shortage is permitted, (3) the deterioration rate follows Gumbel distribution, and (4) there is a constraint on varying deteriorating cost.

^{[3]}