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Joint Optimization of Reorder Points in n-Level Distribution Networks Using (R, Q)-Order Policies

In: Operations Research Proceedings 2017

Author

Listed:
  • Christopher Grob

    (Volkswagen AG)

  • Andreas Bley

    (Universität Kassel)

  • Konrad Schade

    (Volkswagen AG)

Abstract

We present an algorithm to minimize the investment in stock in a n-level inventory distribution network using a (R,Q)-order policy with stochastic demands and wait times. Our research is motivated by the inventory planning for a worldwide spare parts supply chain of a big automotive company. The algorithm is fast enough to be used in real world applications. It is, to our knowledge, the first one to determine reorder points for inventory distribution systems using complex wait time approximations.

Suggested Citation

  • Christopher Grob & Andreas Bley & Konrad Schade, 2018. "Joint Optimization of Reorder Points in n-Level Distribution Networks Using (R, Q)-Order Policies," Operations Research Proceedings, in: Natalia Kliewer & Jan Fabian Ehmke & Ralf Borndörfer (ed.), Operations Research Proceedings 2017, pages 657-662, Springer.
    • Handle: RePEc:spr:oprchp:978-3-319-89920-6_87
    DOI: 10.1007/978-3-319-89920-6_87
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    Keywords

    Supply chain management; Logistics;

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