Mathematical Modeling of Inventory Control Systems with Lateral Transshipments
(2012) MIO920Production Management
- Abstract
- This master thesis is about the mathematical modeling of an inventory control
system. The system is a single-echelon two-location system with one type of
item. The locations replenish from a supplier that is assumed to have an ample
stock. The demand is modeled as customers arriving according to a Poisson
process with a known intensity and each customer only demands one item. In
addition to replenishments from the normal supplier, the two locations also have
the opportunity of using bidirectional lateral transshipments. This means that a
location facing stock out may get a delivery from the other location, given that
the sending location has stock on hand. The lateral transshipments are faster than
normal replenishments, but the... (More) - This master thesis is about the mathematical modeling of an inventory control
system. The system is a single-echelon two-location system with one type of
item. The locations replenish from a supplier that is assumed to have an ample
stock. The demand is modeled as customers arriving according to a Poisson
process with a known intensity and each customer only demands one item. In
addition to replenishments from the normal supplier, the two locations also have
the opportunity of using bidirectional lateral transshipments. This means that a
location facing stock out may get a delivery from the other location, given that
the sending location has stock on hand. The lateral transshipments are faster than
normal replenishments, but the transshipment cost is larger than the normal order
cost. The locations both apply continuous review and either an (S (Less)
Please use this url to cite or link to this publication:
http://lup.lub.lu.se/student-papers/record/3055156
- author
- Johansson, Lina
- supervisor
- organization
- course
- MIO920
- year
- 2012
- type
- M1 - University Diploma
- subject
- other publication id
- 12/5412
- language
- English
- id
- 3055156
- date added to LUP
- 2012-09-21 12:48:35
- date last changed
- 2012-09-21 12:48:35
@misc{3055156, abstract = {{This master thesis is about the mathematical modeling of an inventory control system. The system is a single-echelon two-location system with one type of item. The locations replenish from a supplier that is assumed to have an ample stock. The demand is modeled as customers arriving according to a Poisson process with a known intensity and each customer only demands one item. In addition to replenishments from the normal supplier, the two locations also have the opportunity of using bidirectional lateral transshipments. This means that a location facing stock out may get a delivery from the other location, given that the sending location has stock on hand. The lateral transshipments are faster than normal replenishments, but the transshipment cost is larger than the normal order cost. The locations both apply continuous review and either an (S}}, author = {{Johansson, Lina}}, language = {{eng}}, note = {{Student Paper}}, title = {{Mathematical Modeling of Inventory Control Systems with Lateral Transshipments}}, year = {{2012}}, }