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Bayes adaptive control of two‐echelon inventory systems, II: The multistation case

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  • S. Zacks
  • J. Fennell

Abstract

The present paper extends the results of [7] to cases of multistation lower echelon. For this purpose an algorithm for the optimal allocation of the upper echelon stock among the lower echelon stations is developed. The policy of ordering for the upper echelon is an extension of the Bayes prediction policy developed in [7]. Explicit formulae are presented for the execution of this policy. Several simulation runs are presented and analyzed for the purpose of obtaining information on the behavior of the system, under the above control policy, over short and long periods.

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  • S. Zacks & J. Fennell, 1974. "Bayes adaptive control of two‐echelon inventory systems, II: The multistation case," Naval Research Logistics Quarterly, John Wiley & Sons, vol. 21(4), pages 575-593, December.
    • Handle: RePEc:wly:navlog:v:21:y:1974:i:4:p:575-593
    DOI: 10.1002/nav.3800210403
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    1. Michael Lefew & Anh Ninh & Vladimir Anisimov, 2021. "End-to-End Drug Supply Management in Multicenter Trials," Methodology and Computing in Applied Probability, Springer, vol. 23(3), pages 695-709, September.

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