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Controlling Inventories in a Supply Chain

Author

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  • Eric Porras Musalem

    (Faculty of Economics, Erasmus University Rotterdam)

  • Rommert Dekker

    (Faculty of Economics, Erasmus University Rotterdam)

Abstract

This article studies specific aspects of the joint replenishment problem in a realsupply chain setting. Particularly we analyze the effect on inventory performance of havingminimum order quantities for the different products in the joint order, given a complextransportation cost structure. The policies suggested have been tested in a simulation modelwith real data.

Suggested Citation

  • Eric Porras Musalem & Rommert Dekker, 2003. "Controlling Inventories in a Supply Chain," Tinbergen Institute Discussion Papers 03-012/4, Tinbergen Institute.
    • Handle: RePEc:tin:wpaper:20030012
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    File URL: https://papers.tinbergen.nl/03012.pdf
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    References listed on IDEAS

    as
    1. Edward Ignall, 1969. "Optimal Continuous Review Policies for Two Product Inventory Systems with Joint Setup Costs," Management Science, INFORMS, vol. 15(5), pages 278-283, January.
    2. Edward A. Silver, 1976. "A Simple Method of Determining Order Quantities in Joint Replenishments Under Deterministic Demand," Management Science, INFORMS, vol. 22(12), pages 1351-1361, August.
    3. Wildeman, R.E. & Frenk, J.B.G. & Dekker, R., 1997. "An efficient optimal solution method for the joint replenishment problem," European Journal of Operational Research, Elsevier, vol. 99(2), pages 433-444, June.
    4. Viswanathan, S. & Piplani, Rajesh, 2001. "Coordinating supply chain inventories through common replenishment epochs," European Journal of Operational Research, Elsevier, vol. 129(2), pages 277-286, March.
    5. Derek R. Atkins & Paul O. Iyogun, 1988. "Periodic Versus "Can-Order" Policies for Coordinated Multi-Item Inventory Systems," Management Science, INFORMS, vol. 34(6), pages 791-796, June.
    6. S. K. Goyal, 1974. "Determination of Optimum Packaging Frequency of Items Jointly Replenished," Management Science, INFORMS, vol. 21(4), pages 436-443, December.
    Full references (including those not matched with items on IDEAS)

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    Cited by:

    1. Porras, Eric & Dekker, Rommert, 2006. "An efficient optimal solution method for the joint replenishment problem with minimum order quantities," European Journal of Operational Research, Elsevier, vol. 174(3), pages 1595-1615, November.

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    More about this item

    Keywords

    Inventory; joint replenishment; minimum order quantities; supply chain management.;
    All these keywords.

    JEL classification:

    • C1 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General

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