Approximate evaluation of continuous review (R,Q) policies in two-echelon inventory systems with stochastic transportation

Title:

Approximate evaluation of continuous review (R,Q) policies in two-echelon inventory systems with stochastic transportation

Creator:

Karaman, Abdullah S.

Identifier:

https://cdk.lib.cas.cz/client/handle/uuid:b0664318-e657-4dc8-b536-1a4fc92641fb
uuid:b0664318-e657-4dc8-b536-1a4fc92641fb
doi:10.14736/kyb-2017-3-0461

Subject:

inventory control, Markovian analysis, stochastic lead-times, and distribution inventory systems

Type:

model:article and TEXT

Format:

bez média and svazek

Description:

This paper considers a distribution inventory system that consists of a single warehouse and several retailers. Customer demand arrives at the retailers according to a continuous-time renewal process. Material flow between echelons is driven by reorder point/order quantity inventory control policies. Our objective in this setting is to calculate the long-run inventory, backorder and customer service levels. The challenge in this system is to characterize the demand arrival process at the warehouse. We present a Markovian methodology to elucidate and approximate this process. We illustrate the use of this methodology in the distribution inventory system under stochastic transportation times with identical and non-identical retailers.

Language:

English

Rights:

http://creativecommons.org/publicdomain/mark/1.0/
policy:public

Source:

Kybernetika | 2017 Volume:53 | Number:3

Harvested from:

CDK

Metadata only:

false