Optimization of stochastic, (Q, R) inventory system in multi-product, multi-echelon, distributive supply chain
Author
Abstract
Suggested Citation
DOI: 10.1057/s41272-019-00204-7
Download full text from publisher
As the access to this document is restricted, you may want to search for a different version of it.
References listed on IDEAS
- 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.
- Inderfurth, Karl, 1991. "Safety stock optimization in multi-stage inventory systems," International Journal of Production Economics, Elsevier, vol. 24(1-2), pages 103-113, November.
- Tsan-Ming Choi & Kannan Govindan & Xiang Li & Yongjian Li, 2017. "Innovative supply chain optimization models with multiple uncertainty factors," Annals of Operations Research, Springer, vol. 257(1), pages 1-14, October.
- 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.
- 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.
- 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.
- Kevin H. Shang & Jing-Sheng Song, 2003. "Newsvendor Bounds and Heuristic for Optimal Policies in Serial Supply Chains," Management Science, INFORMS, vol. 49(5), pages 618-638, May.
- Fangruo Chen & Yu-Sheng Zheng, 1994. "Lower Bounds for Multi-Echelon Stochastic Inventory Systems," Management Science, INFORMS, vol. 40(11), pages 1426-1443, November.
- Mark Daskin & Collette Coullard & Zuo-Jun Shen, 2002. "An Inventory-Location Model: Formulation, Solution Algorithm and Computational Results," Annals of Operations Research, Springer, vol. 110(1), pages 83-106, February.
- Funaki, Kenichi, 2012. "Strategic safety stock placement in supply chain design with due-date based demand," International Journal of Production Economics, Elsevier, vol. 135(1), pages 4-13.
- Graves, Stephen C., 1987. "Safety stocks in manufacturing systems," Working papers 1894-87., Massachusetts Institute of Technology (MIT), Sloan School of Management.
- Tempelmeier, Horst, 1993. "Safety stock allocation in a two-echelon distribution system," European Journal of Operational Research, Elsevier, vol. 65(1), pages 96-117, February.
- Zhou, Li & Grubbstrom, R.W.Robert W., 2004. "Analysis of the effect of commonality in multi-level inventory systems applying MRP theory," International Journal of Production Economics, Elsevier, vol. 90(2), pages 251-263, July.
- 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.
- 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.
- Kevin Glazebrook & Colin Paterson & Sandra Rauscher & Thomas Archibald, 2015. "Benefits of Hybrid Lateral Transshipments in Multi-Item Inventory Systems under Periodic Replenishment," Production and Operations Management, Production and Operations Management Society, vol. 24(2), pages 311-324, February.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Zhu, Xiaoyan & Wang, Jun & Yuan, Qi & Zhang, Zhe, 2022. "Multi-stream (Q,r) model and optimization for data prefetching," European Journal of Operational Research, Elsevier, vol. 302(1), pages 130-143.
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.
- Olof Stenius & Ayşe Gönül Karaarslan & Johan Marklund & A. G. de Kok, 2016. "Exact Analysis of Divergent Inventory Systems with Time-Based Shipment Consolidation and Compound Poisson Demand," Operations Research, INFORMS, vol. 64(4), pages 906-921, August.
- Eruguz, Ayse Sena & Sahin, Evren & Jemai, Zied & Dallery, Yves, 2016. "A comprehensive survey of guaranteed-service models for multi-echelon inventory optimization," International Journal of Production Economics, Elsevier, vol. 172(C), pages 110-125.
- 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.
- van der Heijden, Matthieu, 2000. "Near cost-optimal inventory control policies for divergent networks under fill rate constraints," International Journal of Production Economics, Elsevier, vol. 63(2), pages 161-179, January.
- Inderfurth, Karl & Minner, Stefan, 1998. "Safety stocks in multi-stage inventory systems under different service measures," European Journal of Operational Research, Elsevier, vol. 106(1), pages 57-73, April.
- 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.
- Guillermo Gallego & Özalp Özer & Paul Zipkin, 2007. "Bounds, Heuristics, and Approximations for Distribution Systems," Operations Research, INFORMS, vol. 55(3), pages 503-517, June.
- Fangruo Chen, 1999. "94%-Effective Policies for a Two-Stage Serial Inventory System with Stochastic Demand," Management Science, INFORMS, vol. 45(12), pages 1679-1696, December.
- Stephen C. Graves & Sean P. Willems, 2000. "Optimizing Strategic Safety Stock Placement in Supply Chains," Manufacturing & Service Operations Management, INFORMS, vol. 2(1), pages 68-83, June.
- Johan Marklund, 2006. "Controlling Inventories in Divergent Supply Chains with Advance-Order Information," Operations Research, INFORMS, vol. 54(5), pages 988-1010, October.
- David Simchi-Levi & Yao Zhao, 2005. "Safety Stock Positioning in Supply Chains with Stochastic Lead Times," Manufacturing & Service Operations Management, INFORMS, vol. 7(4), pages 295-318, December.
- Ming Hu & Yi Yang, 2014. "Modified Echelon ( r, Q ) Policies with Guaranteed Performance Bounds for Stochastic Serial Inventory Systems," Operations Research, INFORMS, vol. 62(4), pages 812-828, August.
- 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.
- Gregory A. DeCroix, 2006. "Optimal Policy for a Multiechelon Inventory System with Remanufacturing," Operations Research, INFORMS, vol. 54(3), pages 532-543, June.
- Kevin H. Shang & Jing-Sheng Song, 2007. "Serial Supply Chains with Economies of Scale: Bounds and Approximations," Operations Research, INFORMS, vol. 55(5), pages 843-853, October.
- 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.
- 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.
- Li, Xiuhui & Wang, Qinan, 2007. "Coordination mechanisms of supply chain systems," European Journal of Operational Research, Elsevier, vol. 179(1), pages 1-16, May.
- Axsater, Sven, 2001. "Scaling down multi-echelon inventory problems," International Journal of Production Economics, Elsevier, vol. 71(1-3), pages 255-261, May.
More about this item
Keywords
Optimization; Modeling; Stochastic; Multi-echelon; Multi-product distribution; Safety stock; Service level; Reorder point; Exhaustive Search method; MATLAB program;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:pal:jorapm:v:18:y:2019:i:5:d:10.1057_s41272-019-00204-7. 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: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.palgrave.com .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.