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Exact and Approximate Evaluation of Batch-Ordering Policies for Two-Level Inventory Systems

✍ Scribed by Sven Axsäter


Book ID
123687789
Publisher
INFORMS
Year
1993
Tongue
English
Weight
303 KB
Volume
41
Category
Article
ISSN
0030-364X

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Exact evaluation of (R, Q)-policies for
✍ Rolf Forsberg 📂 Article 📅 1997 🏛 Elsevier Science 🌐 English ⚖ 670 KB

In this paper we show how to exactly evaluate holding and shortage costs for a two-level inventory system with one warehouse and N different retailers. Lead-times (transportation times) are constant, and the retailers face different Poisson demand processes. All facilities apply continuous review (R