Modelling two-echelon serial inventory systems with perishable items
(2010) In IMA Journal of Management Mathematics 21(1). p.1-17- Abstract
- This paper deals with a continuous review, two-echelon serial (two locations) inventory system with perishable items. Transportation times and the lifetime of items are fixed. When the age of an item has reached its lifetime, the item is useless and consequently discarded from the system. The downstream location faces Poisson demand, and demand that cannot be met immediately is backordered. In this paper, we develop an efficient approximate technique for evaluation of (S-1, S) policies. In a simulation study, we evaluate the quality of our approximation. The results reveal that our approximate technique works well in most cases.
Please use this url to cite or link to this publication:
https://lup.lub.lu.se/record/1568587
- author
- Olsson, Fredrik LU
- organization
- publishing date
- 2010
- type
- Contribution to journal
- publication status
- published
- subject
- keywords
- multi-echelon, inventory control, stochastic, perishable items
- in
- IMA Journal of Management Mathematics
- volume
- 21
- issue
- 1
- pages
- 1 - 17
- publisher
- Oxford University Press
- external identifiers
-
- wos:000274677400001
- scopus:72249107840
- ISSN
- 1471-678X
- DOI
- 10.1093/imaman/dpp014
- language
- English
- LU publication?
- yes
- id
- fadcc967-5d23-4bbb-beea-6d984c6cbb8b (old id 1568587)
- date added to LUP
- 2016-04-01 10:17:17
- date last changed
- 2023-01-02 03:09:12
@article{fadcc967-5d23-4bbb-beea-6d984c6cbb8b, abstract = {{This paper deals with a continuous review, two-echelon serial (two locations) inventory system with perishable items. Transportation times and the lifetime of items are fixed. When the age of an item has reached its lifetime, the item is useless and consequently discarded from the system. The downstream location faces Poisson demand, and demand that cannot be met immediately is backordered. In this paper, we develop an efficient approximate technique for evaluation of (S-1, S) policies. In a simulation study, we evaluate the quality of our approximation. The results reveal that our approximate technique works well in most cases.}}, author = {{Olsson, Fredrik}}, issn = {{1471-678X}}, keywords = {{multi-echelon; inventory control; stochastic; perishable items}}, language = {{eng}}, number = {{1}}, pages = {{1--17}}, publisher = {{Oxford University Press}}, series = {{IMA Journal of Management Mathematics}}, title = {{Modelling two-echelon serial inventory systems with perishable items}}, url = {{http://dx.doi.org/10.1093/imaman/dpp014}}, doi = {{10.1093/imaman/dpp014}}, volume = {{21}}, year = {{2010}}, }