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Exact evaluation of (R, Q)-policies for two-level inventory systems with Poisson demand

✍ Scribed by Rolf Forsberg

Publisher
Elsevier Science
Year
1997
Tongue
English
Weight
670 KB
Volume
96
Category
Article
ISSN
0377-2217

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✦ Synopsis

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, Q)-policies. We express the policy costs as a weighted mean of costs for one-for-one ordering policies.

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