Kok, A.G. de

cuto transaction size transaction distribution order demand newsboy model model function order size distribution approximation inventory approximative cost function period newsboy approximative cost reduction reduction result 0.02 dekker customer order-up-to level problem figure system order size distributions order sizes order size compound poisson demand arrival rate cost function level policy analysis upperbound percentage table e ect ow cost function max min av cuto transaction sizes section stock inventory system customer order 0.00 cost reductions ow cost e ort order-up-to example value variance poisson arrival quantity cost reduction 100 tijms 18 erasmus university rotterdam justi ed figures 5 approximative model kleijn expression column journal increase satis ed silver compound veri ed production upperbound qu alternative way paper optimisation science management quality hollier