Centralized Inventory Control in a Two-Level Distribution System vith Poisson demand
(2002) In Naval Research Logistics 49. p.798-822- Abstract
- This paper introduces a new replenishment policy for inventory control in a two-level distribution system consisting of one central warehouse and an arbitrary number of nonidentical retailers. The new policy is designed to control the replenishment process at the
central warehouse, using centralized information regarding the inventory positions and demand processes of all installations in the system. The retailers on the other hand are assumed to use continuous review (R,Q) policies. A technique for exact evaluation of the expected inventory holding and backorder costs for the system is presented. Numerical results indicate that there are cases when considerable savings can be made by using the new (R0, Q0) policy instead of a... (More) - This paper introduces a new replenishment policy for inventory control in a two-level distribution system consisting of one central warehouse and an arbitrary number of nonidentical retailers. The new policy is designed to control the replenishment process at the
central warehouse, using centralized information regarding the inventory positions and demand processes of all installations in the system. The retailers on the other hand are assumed to use continuous review (R,Q) policies. A technique for exact evaluation of the expected inventory holding and backorder costs for the system is presented. Numerical results indicate that there are cases when considerable savings can be made by using the new (R0, Q0) policy instead of a traditional echelon- or installation-stock (R, Q) policy. (Less)
Please use this url to cite or link to this publication:
https://lup.lub.lu.se/record/629483
- author
- Marklund, Johan LU
- organization
- publishing date
- 2002
- type
- Contribution to journal
- publication status
- published
- subject
- keywords
- stochastic demand, centralized control, echelon stock, installation stock, distribution system, multiechelon, inventory systems
- in
- Naval Research Logistics
- volume
- 49
- pages
- 798 - 822
- publisher
- John Wiley & Sons Inc.
- external identifiers
-
- scopus:0036901820
- ISSN
- 0894-069X
- language
- English
- LU publication?
- yes
- id
- e280644f-1271-4256-aa7a-2c28a4a56096 (old id 629483)
- date added to LUP
- 2016-04-04 07:49:16
- date last changed
- 2023-01-13 03:05:04
@article{e280644f-1271-4256-aa7a-2c28a4a56096,
abstract = {{This paper introduces a new replenishment policy for inventory control in a two-level distribution system consisting of one central warehouse and an arbitrary number of nonidentical retailers. The new policy is designed to control the replenishment process at the<br/><br>
central warehouse, using centralized information regarding the inventory positions and demand processes of all installations in the system. The retailers on the other hand are assumed to use continuous review (R,Q) policies. A technique for exact evaluation of the expected inventory holding and backorder costs for the system is presented. Numerical results indicate that there are cases when considerable savings can be made by using the new (R0, Q0) policy instead of a traditional echelon- or installation-stock (R, Q) policy.}},
author = {{Marklund, Johan}},
issn = {{0894-069X}},
keywords = {{stochastic demand; centralized control; echelon stock; installation stock; distribution system; multiechelon; inventory systems}},
language = {{eng}},
pages = {{798--822}},
publisher = {{John Wiley & Sons Inc.}},
series = {{Naval Research Logistics}},
title = {{Centralized Inventory Control in a Two-Level Distribution System vith Poisson demand}},
volume = {{49}},
year = {{2002}},
}