This paper considers a two-echelon inventory system with return flows, where demand and return rates are mutually independent. An open queueing network with finite buffers is used to model this system. The model is analysed using the expansion methodology.
Multi-echelon inventory theory — A retrospective
✍ Scribed by Andrew J. Clark
- Publisher
- Elsevier Science
- Year
- 1994
- Tongue
- English
- Weight
- 450 KB
- Volume
- 35
- Category
- Article
- ISSN
- 0925-5273
No coin nor oath required. For personal study only.
✦ Synopsis
One of the earliest studies of the multi-echelon inventory problem was by Clark-Scarf in 1969. An accounting is given of the events leading to this work and the main results are summarized.
Subsequent extension of the multi-echelon inventory are outlined and areas of current and future applications are discussed.
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