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Mathematical Modeling of Inventory Control Systems with Lateral Transshipments

Johansson, Lina (2012) MIO920
Production 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:
author
Johansson, Lina
supervisor
organization
course
MIO920
year
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},
}