IDEAS home Printed from https://ideas.repec.org/a/hin/jnlaor/126254.html
   My bibliography  Save this article

Performance Evaluation of Stochastic Multi-Echelon Inventory Systems: A Survey

Author

Listed:
  • David Simchi-Levi
  • Yao Zhao

Abstract

Globalization, product proliferation, and fast product innovation have significantly increased the complexities of supply chains in many industries. One of the most important advancements of supply chain management in recent years is the development of models and methodologies for controlling inventory in general supply networks under uncertainty and their widefspread applications to industry. These developments are based on three generic methods: the queueing-inventory method, the lead-time demand method and the flow-unit method. In this paper, we compare and contrast these methods by discussing their strengths and weaknesses, their differences and connections, and showing how to apply them systematically to characterize and evaluate various supply networks with different supply processes, inventory policies, and demand processes. Our objective is to forge links among research strands on different methods and various network topologies so as to develop unified methodologies.

Suggested Citation

  • David Simchi-Levi & Yao Zhao, 2012. "Performance Evaluation of Stochastic Multi-Echelon Inventory Systems: A Survey," Advances in Operations Research, Hindawi, vol. 2012, pages 1-34, December.
    • Handle: RePEc:hin:jnlaor:126254
    DOI: 10.1155/2012/126254
    as

    Download full text from publisher

    File URL: http://downloads.hindawi.com/journals/AOR/2012/126254.pdf
    Download Restriction: no
    File URL: http://downloads.hindawi.com/journals/AOR/2012/126254.xml
    Download Restriction: no
    File URL: https://libkey.io/10.1155/2012/126254?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Achkar, Victoria G. & Brunaud, Braulio B. & Pérez, Héctor D. & Musa, Rami & Méndez, Carlos A. & Grossmann, Ignacio E., 2024. "Extensions to the guaranteed service model for industrial applications of multi-echelon inventory optimization," European Journal of Operational Research, Elsevier, vol. 313(1), pages 192-206.
    2. Yazdekhasti, Amin & sharifzadeh, Shila & Ma, Junfeng, 2022. "A two-echelon two-indenture warranty distribution network development and optimization under batch-ordering inventory policy," International Journal of Production Economics, Elsevier, vol. 249(C).
    3. Johnson, Andrew & Carnovale, Steven & Song, Ju Myung & Zhao, Yao, 2021. "Drivers of fulfillment performance in mission critical logistics systems: An empirical analysis," International Journal of Production Economics, Elsevier, vol. 237(C).
    4. Kwon Gi Mun & Yao Zhao & Raza Ali Rafique, 2021. "Designing Hydro Supply Chains for Energy, Food, and Flood," Manufacturing & Service Operations Management, INFORMS, vol. 23(2), pages 274-293, March.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:hin:jnlaor:126254. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Mohamed Abdelhakeem (email available below). General contact details of provider: https://www.hindawi.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.