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A Review of the Guaranteed-Service Model for Multi-echelon Inventory Systems

Author

Listed:
  • Zied Jemai

    (LGI - Laboratoire Génie Industriel - EA 2606 - CentraleSupélec)

  • Ayse S Eruguz
  • Evren Sahin

    (LGI - Laboratoire Génie Industriel - EA 2606 - CentraleSupélec)

  • Yves Dallery

    (LGI - Laboratoire Génie Industriel - EA 2606 - CentraleSupélec)

Abstract

Guaranteed-Service Model (GSM) approach for the safety stock placement problem aims at finding the optimal placement of safety stocks in a multi-echelon inventory system under bounded demand and guaranteed service times. Although this model has been present for more than fifty years, the last decade witnessed a growing interest. Recent works include new versions of the problem with relaxed assumptions and efficient solution methods for different supply chain network topologies. The purpose of this paper is to review and summarize the literature on the GSM and to suggest future research directions.

Suggested Citation

  • Zied Jemai & Ayse S Eruguz & Evren Sahin & Yves Dallery, 2012. "A Review of the Guaranteed-Service Model for Multi-echelon Inventory Systems," Post-Print hal-01672423, HAL.
  • Handle: RePEc:hal:journl:hal-01672423
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    Cited by:

    1. 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.

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