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A model for multi-location inventory problems

✍ Scribed by Wai Ki Ching

Publisher
Elsevier Science
Year
1998
Tongue
English
Weight
300 KB
Volume
35
Category
Article
ISSN
0360-8352

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✦ Synopsis

In this paper we consider inventory systems of multi-location. It is common to allow emergency lateral transshipments from local locations to the main depot. Here we propose a new model for the inventory system of consumable items. The inventory system of each location and the main depot is modeled by Markovian queueing networks. The transshipments are modeled by the Markov Modulated Poisson Process which is a generalization of the Poisson process.

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