✦ LIBER ✦

PLANNING MULTIPLE LOCATION INVENTORIES

✍ Scribed by Ronald H. Ballou; Apostolos Burnetas

Publisher: Wiley (John Wiley & Sons)
Year: 2003
Tongue: English
Weight: 299 KB
Volume: 24
Category: Article
ISSN: 0735-3766
DOI: 10.1002/j.2158-1592.2003.tb00046.x

No coin nor oath required. For personal study only.

✦ Synopsis

Supplying customer demand from comparable alternate inventory locations when an item is out of stock at its primary stocking point creates a virtual inventory for that item. The expectation is that if more inventories can be drawn upon, the inventory for an item would be lower, the fill rate would be higher, or both. While generally true that safety stocks will be lower, regular stocks, on the other hand, may rise with such cross filling of demand. In this study, a methodology is developed that balances the cross filling effects on both regular and safety stocks for determining whether an inventoried item should be cross‐filled. An example and guidelines are given to show how the methodology can be simplified and applied in practice.

📜 SIMILAR VOLUMES

Network location theory and contingency

Network location theory and contingency planning

✍ S.Louis Hakimi 📂 Article 📅 1983 🏛 Elsevier Science 🌐 English ⚖ 621 KB

A location-inventory model with lateral

A location-inventory model with lateral transshipments

✍ Hussein Naseraldin; Yale T. Herer 📂 Article 📅 2011 🏛 John Wiley and Sons 🌐 English ⚖ 247 KB

We study an infinite horizon periodic stochastic inventory system consisting of retail outlets and customers located on a homogenous line segment. In each period, the total demand, generated by the customers on the line, is normally distributed. To better match supply and demand, we incorporate late

Combinatorial optimization of the locati

Combinatorial optimization of the location—inventory problem

✍ Marija Bogataj; Ludvik Bogataj 📂 Article 📅 1992 🏛 Elsevier Science 🌐 English ⚖ 261 KB

A model for multi-location inventory pro

A model for multi-location inventory problems

✍ Wai Ki Ching 📂 Article 📅 1998 🏛 Elsevier Science 🌐 English ⚖ 300 KB

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

Locating multiple zeros interactively

✍ M.R. Farmer; G. Loizou 📂 Article 📅 1985 🏛 Elsevier Science 🌐 English ⚖ 595 KB

Production planning and inventories opti

Production planning and inventories optimization with a general storage cost function

✍ Marie Chazal; Elyès Jouini; Rabah Tahraoui 📂 Article 📅 2003 🏛 Elsevier Science 🌐 English ⚖ 256 KB

We study the deterministic optimization problem of a proÿt-maximizing ÿrm which plans its sales/production schedule. The ÿrm knows the revenue associated to a given level of sales, as well as its production and storage costs. The revenue and the production cost are assumed to be, respectively, conca