Exact Analysis of Divergent Inventory Systems with Time-Based Shipment Consolidation and Compound Poisson Demand
Author
Abstract
Suggested Citation
DOI: 10.1287/opre.2016.1510
Download full text from publisher
References listed on IDEAS
- Craig C. Sherbrooke, 1968. "Metric: A Multi-Echelon Technique for Recoverable Item Control," Operations Research, INFORMS, vol. 16(1), pages 122-141, February.
- Kevin H. Shang & Zhijie Tao & Sean X. Zhou, 2015. "Optimizing Reorder Intervals for Two-Echelon Distribution Systems with Stochastic Demand," Operations Research, INFORMS, vol. 63(2), pages 458-475, April.
- Howard, Christian & Marklund, Johan, 2011. "Evaluation of stock allocation policies in a divergent inventory system with shipment consolidation," European Journal of Operational Research, Elsevier, vol. 211(2), pages 298-309, June.
- Johan Marklund & Kaj Rosling, 2012. "Lower Bounds and Heuristics for Supply Chain Stock Allocation," Operations Research, INFORMS, vol. 60(1), pages 92-105, February.
- Özalp Özer, 2003. "Replenishment Strategies for Distribution Systems Under Advance Demand Information," Management Science, INFORMS, vol. 49(3), pages 255-272, March.
- Gérard P. Cachon & Marshall Fisher, 2000. "Supply Chain Inventory Management and the Value of Shared Information," Management Science, INFORMS, vol. 46(8), pages 1032-1048, August.
- Kamran Moinzadeh, 2002. "A Multi-Echelon Inventory System with Information Exchange," Management Science, INFORMS, vol. 48(3), pages 414-426, March.
- R. M. Simon, 1971. "Stationary Properties of a Two-Echelon Inventory Model for Low Demand Items," Operations Research, INFORMS, vol. 19(3), pages 761-773, June.
- Diks, E. B. & de Kok, A. G., 1999. "Computational results for the control of a divergent N-echelon inventory system," International Journal of Production Economics, Elsevier, vol. 59(1-3), pages 327-336, March.
- van der Heijden, M. C. & Diks, E. B. & de Kok, A. G., 1997. "Stock allocation in general multi-echelon distribution systems with (R, S) order-up-to-policies," International Journal of Production Economics, Elsevier, vol. 49(2), pages 157-174, April.
- Stephen C. Graves, 1985. "A Multi-Echelon Inventory Model for a Repairable Item with One-for-One Replenishment," Management Science, INFORMS, vol. 31(10), pages 1247-1256, October.
- Stephen C. Graves, 1996. "A Multiechelon Inventory Model with Fixed Replenishment Intervals," Management Science, INFORMS, vol. 42(1), pages 1-18, January.
- Awi Federgruen & Paul Zipkin, 1984. "Approximations of Dynamic, Multilocation Production and Inventory Problems," Management Science, INFORMS, vol. 30(1), pages 69-84, January.
- Johan Marklund, 2006. "Controlling Inventories in Divergent Supply Chains with Advance-Order Information," Operations Research, INFORMS, vol. 54(5), pages 988-1010, October.
- Sven Axsäter & Johan Marklund, 2008. "Optimal Position-Based Warehouse Ordering in Divergent Two-Echelon Inventory Systems," Operations Research, INFORMS, vol. 56(4), pages 976-991, August.
- Lengu, D. & Syntetos, A.A. & Babai, M.Z., 2014. "Spare parts management: Linking distributional assumptions to demand classification," European Journal of Operational Research, Elsevier, vol. 235(3), pages 624-635.
- Diks, E. B. & de Kok, A. G., 1998. "Optimal control of a divergent multi-echelon inventory system," European Journal of Operational Research, Elsevier, vol. 111(1), pages 75-97, November.
- Johan Marklund, 2002. "Centralized inventory control in a two‐level distribution system with Poisson demand," Naval Research Logistics (NRL), John Wiley & Sons, vol. 49(8), pages 798-822, December.
- Sila Çetinkaya & Chung-Yee Lee, 2000. "Stock Replenishment and Shipment Scheduling for Vendor-Managed Inventory Systems," Management Science, INFORMS, vol. 46(2), pages 217-232, February.
- Forsberg, Rolf, 1997. "Exact evaluation of (R, Q)-policies for two-level inventory systems with Poisson demand," European Journal of Operational Research, Elsevier, vol. 96(1), pages 130-138, January.
- Roman Kapuscinski & Rachel Q. Zhang & Paul Carbonneau & Robert Moore & Bill Reeves, 2004. "Inventory Decisions in Dell's Supply Chain," Interfaces, INFORMS, vol. 34(3), pages 191-205, June.
- Craig C. Sherbrooke, 1986. "VARI-METRIC : Improved Approximations for Multi-Indenture, Multi-Echelon Availability Models," Operations Research, INFORMS, vol. 34(2), pages 311-319, April.
- Fangruo Chen & Yu-Sheng Zheng, 1997. "One-Warehouse Multiretailer Systems with Centralized Stock Information," Operations Research, INFORMS, vol. 45(2), pages 275-287, April.
- Yu-Sheng Zheng, 1992. "On Properties of Stochastic Inventory Systems," Management Science, INFORMS, vol. 38(1), pages 87-103, January.
- van Houtum, G. J. & Inderfurth, K. & Zijm, W. H. M., 1996. "Materials coordination in stochastic multi-echelon systems," European Journal of Operational Research, Elsevier, vol. 95(1), pages 1-23, November.
- Andersson, Jonas & Marklund, Johan, 2000. "Decentralized inventory control in a two-level distribution system," European Journal of Operational Research, Elsevier, vol. 127(3), pages 483-506, December.
- Ki Ling Cheung & Hau L. Lee, 2002. "The Inventory Benefit of Shipment Coordination and Stock Rebalancing in a Supply Chain," Management Science, INFORMS, vol. 48(2), pages 300-306, February.
- Mustafa Çagri Gürbüz & Kamran Moinzadeh & Yong-Pin Zhou, 2007. "Coordinated Replenishment Strategies in Inventory/Distribution Systems," Management Science, INFORMS, vol. 53(2), pages 293-307, February.
- Berling, Peter & Marklund, Johan, 2013. "A model for heuristic coordination of real life distribution inventory systems with lumpy demand," European Journal of Operational Research, Elsevier, vol. 230(3), pages 515-526.
- Fatih Mutlu & Sila Çetinkaya & James Bookbinder, 2010. "An analytical model for computing the optimal time-and-quantity-based policy for consolidated shipments," IISE Transactions, Taylor & Francis Journals, vol. 42(5), pages 367-377.
- Forsberg, Rolf, 1995. "Optimization of order-up-to-S policies for two-level inventory systems with compound Poisson demand," European Journal of Operational Research, Elsevier, vol. 81(1), pages 143-153, February.
- Leon Yang Chu & Zuo-Jun Max Shen, 2010. "A Power-of-Two Ordering Policy for One-Warehouse Multiretailer Systems with Stochastic Demand," Operations Research, INFORMS, vol. 58(2), pages 492-502, April.
- Vishal Gaur & Marshall L. Fisher, 2004. "A Periodic Inventory Routing Problem at a Supermarket Chain," Operations Research, INFORMS, vol. 52(6), pages 813-822, December.
- Sven Axsäter & Johan Marklund & Edward A. Silver, 2002. "Heuristic Methods for Centralized Control of One-Warehouse, N-Retailer Inventory Systems," Manufacturing & Service Operations Management, INFORMS, vol. 4(1), pages 75-97, October.
- Çetinkaya, SIla & Bookbinder, James H., 2003. "Stochastic models for the dispatch of consolidated shipments," Transportation Research Part B: Methodological, Elsevier, vol. 37(8), pages 747-768, September.
- Peter L. Jackson, 1988. "Stock Allocation in a Two-Echelon Distribution System Or "What to Do Until Your Ship Comes In"," Management Science, INFORMS, vol. 34(7), pages 880-895, July.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- de Kok, Ton & Grob, Christopher & Laumanns, Marco & Minner, Stefan & Rambau, Jörg & Schade, Konrad, 2018. "A typology and literature review on stochastic multi-echelon inventory models," European Journal of Operational Research, Elsevier, vol. 269(3), pages 955-983.
- Kaynov, Illya & van Knippenberg, Marijn & Menkovski, Vlado & van Breemen, Albert & van Jaarsveld, Willem, 2024. "Deep Reinforcement Learning for One-Warehouse Multi-Retailer inventory management," International Journal of Production Economics, Elsevier, vol. 267(C).
- Zhang, Yuankai & Sun, Lijun & Hu, Xiangpei & Zhao, Chen, 2019. "Order consolidation for the last-mile split delivery in online retailing," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 122(C), pages 309-327.
- Chen, Yan & Huang, Zhenhua & Ai, Hongshan & Guo, Xingkun & Luo, Fan, 2021. "The Impact of GIS/GPS Network Information Systems on the Logistics Distribution Cost of Tobacco Enterprises," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 149(C).
- Peng, Xiaoshuai & Zhang, Lele & Thompson, Russell G. & Wang, Kangzhou, 2023. "A three-phase heuristic for last-mile delivery with spatial-temporal consolidation and delivery options," International Journal of Production Economics, Elsevier, vol. 266(C).
- Zhang, Yuankai & Lin, Wei-Hua & Huang, Minfang & Hu, Xiangpei, 2021. "Multi-warehouse package consolidation for split orders in online retailing," European Journal of Operational Research, Elsevier, vol. 289(3), pages 1040-1055.
- Cook, Robert A. & Lodree, Emmett J., 2017. "Dispatching policies for last-mile distribution with stochastic supply and demand," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 106(C), pages 353-371.
- Ke, Ginger Y. & Bookbinder, James H., 2018. "Coordinating the discount policies for retailer, wholesaler, and less-than-truckload carrier under price-sensitive demand: A tri-level optimization approach," International Journal of Production Economics, Elsevier, vol. 196(C), pages 82-100.
- Dimitrova, Dimitrina S. & Ignatov, Zvetan G. & Kaishev, Vladimir K. & Tan, Senren, 2020. "On double-boundary non-crossing probability for a class of compound processes with applications," European Journal of Operational Research, Elsevier, vol. 282(2), pages 602-613.
- El Bhilat, El Mehdi & El Jaouhari, Asmae & Hamidi, L. Saadia, 2024. "Assessing the influence of artificial intelligence on agri-food supply chain performance: the mediating effect of distribution network efficiency," Technological Forecasting and Social Change, Elsevier, vol. 200(C).
- Jana Ralfs & Gudrun P. Kiesmüller, 2022. "Inventory management with advance demand information and flexible shipment consolidation," OR Spectrum: Quantitative Approaches in Management, Springer;Gesellschaft für Operations Research e.V., vol. 44(4), pages 1009-1044, December.
- Wei, Bo & Çetinkaya, Sıla & Cline, Daren B.H., 2023. "Inbound replenishment and outbound dispatch decisions under hybrid shipment consolidation policies: An analytical model and comparison," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 175(C).
- Wang, Qinan & Wan, Guangyu, 2023. "Fixed-interval order-up-to policies and myopic optimal warehouse stock allocation for one-warehouse multiple-retailer systems," European Journal of Operational Research, Elsevier, vol. 309(3), pages 1112-1124.
- Andersson, Jonas & Malmberg, Filip & Marklund, Johan, 2023. "Exact analysis of One-Warehouse-Multiple-Retailer inventory systems with quantity restricted deliveries," European Journal of Operational Research, Elsevier, vol. 309(3), pages 1161-1172.
- Stenius, Olof & Marklund, Johan & Axsäter, Sven, 2018. "Sustainable multi-echelon inventory control with shipment consolidation and volume dependent freight costs," European Journal of Operational Research, Elsevier, vol. 267(3), pages 904-916.
- Sonntag, Danja R. & Schrotenboer, Albert H. & Kiesmüller, Gudrun P., 2023. "Stochastic inventory routing with time-based shipment consolidation," European Journal of Operational Research, Elsevier, vol. 306(3), pages 1186-1201.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- de Kok, Ton & Grob, Christopher & Laumanns, Marco & Minner, Stefan & Rambau, Jörg & Schade, Konrad, 2018. "A typology and literature review on stochastic multi-echelon inventory models," European Journal of Operational Research, Elsevier, vol. 269(3), pages 955-983.
- Stenius, Olof & Marklund, Johan & Axsäter, Sven, 2018. "Sustainable multi-echelon inventory control with shipment consolidation and volume dependent freight costs," European Journal of Operational Research, Elsevier, vol. 267(3), pages 904-916.
- Andersson, Jonas & Malmberg, Filip & Marklund, Johan, 2023. "Exact analysis of One-Warehouse-Multiple-Retailer inventory systems with quantity restricted deliveries," European Journal of Operational Research, Elsevier, vol. 309(3), pages 1161-1172.
- Howard, Christian & Marklund, Johan, 2011. "Evaluation of stock allocation policies in a divergent inventory system with shipment consolidation," European Journal of Operational Research, Elsevier, vol. 211(2), pages 298-309, June.
- Huaxiao Shen & Tian Tian & Han Zhu, 2019. "A Two-Echelon Inventory System with a Minimum Order Quantity Requirement," Sustainability, MDPI, vol. 11(18), pages 1-22, September.
- Berling, Peter & Marklund, Johan, 2013. "A model for heuristic coordination of real life distribution inventory systems with lumpy demand," European Journal of Operational Research, Elsevier, vol. 230(3), pages 515-526.
- Wang, Qinan & Wan, Guangyu, 2023. "Fixed-interval order-up-to policies and myopic optimal warehouse stock allocation for one-warehouse multiple-retailer systems," European Journal of Operational Research, Elsevier, vol. 309(3), pages 1112-1124.
- Johan Marklund & Kaj Rosling, 2012. "Lower Bounds and Heuristics for Supply Chain Stock Allocation," Operations Research, INFORMS, vol. 60(1), pages 92-105, February.
- Johan Marklund, 2011. "Inventory control in divergent supply chains with time‐based dispatching and shipment consolidation," Naval Research Logistics (NRL), John Wiley & Sons, vol. 58(1), pages 59-71, February.
- Johan Marklund, 2006. "Controlling Inventories in Divergent Supply Chains with Advance-Order Information," Operations Research, INFORMS, vol. 54(5), pages 988-1010, October.
- Sven Axsäter & Johan Marklund, 2008. "Optimal Position-Based Warehouse Ordering in Divergent Two-Echelon Inventory Systems," Operations Research, INFORMS, vol. 56(4), pages 976-991, August.
- Guillermo Gallego & Özalp Özer & Paul Zipkin, 2007. "Bounds, Heuristics, and Approximations for Distribution Systems," Operations Research, INFORMS, vol. 55(3), pages 503-517, June.
- Li, Xiuhui & Wang, Qinan, 2007. "Coordination mechanisms of supply chain systems," European Journal of Operational Research, Elsevier, vol. 179(1), pages 1-16, May.
- Darmawan, Agus & Wong, Hartanto & Thorstenson, Anders, 2021. "Supply chain network design with coordinated inventory control," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 145(C).
- Gérard P. Cachon, 2001. "Exact Evaluation of Batch-Ordering Inventory Policies in Two-Echelon Supply Chains with Periodic Review," Operations Research, INFORMS, vol. 49(1), pages 79-98, February.
- Basten, R.J.I. & van Houtum, G.J., 2013. "Near-optimal heuristics to set base stock levels in a two-echelon distribution network," International Journal of Production Economics, Elsevier, vol. 143(2), pages 546-552.
- Mustafa Çagri Gürbüz & Kamran Moinzadeh & Yong-Pin Zhou, 2007. "Coordinated Replenishment Strategies in Inventory/Distribution Systems," Management Science, INFORMS, vol. 53(2), pages 293-307, February.
- Debabrata Das & Nirmal Baran Hui & Vipul Jain, 2019. "Optimization of stochastic, (Q, R) inventory system in multi-product, multi-echelon, distributive supply chain," Journal of Revenue and Pricing Management, Palgrave Macmillan, vol. 18(5), pages 405-418, October.
- Diks, E. B. & de Kok, A. G. & Lagodimos, A. G., 1996. "Multi-echelon systems: A service measure perspective," European Journal of Operational Research, Elsevier, vol. 95(2), pages 241-263, December.
- Axsater, Sven, 2003. "Approximate optimization of a two-level distribution inventory system," International Journal of Production Economics, Elsevier, vol. 81(1), pages 545-553, January.
More about this item
Keywords
inventory; multiechelon; multi-item; stochastic; shipment consolidation; continuous review; compound Poisson demand;All these keywords.
Statistics
Access and download statisticsCorrections
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:inm:oropre:v:64:y:2016:i:4:p:906-921. 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.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with 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: Chris Asher (email available below). General contact details of provider: https://edirc.repec.org/data/inforea.html .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.