Safety stock optimization in multi-stage inventory systems
โ Scribed by Karl Inderfurth
- Publisher
- Elsevier Science
- Year
- 1991
- Tongue
- English
- Weight
- 719 KB
- Volume
- 24
- Category
- Article
- ISSN
- 0925-5273
No coin nor oath required. For personal study only.
๐ SIMILAR VOLUMES
For the two-stage (R, nT) policy, we present an algorithm to estimate expected costs, given (R, nT), and to compute nearoptimal (R, nT) values. We illustrate that the (R, nT) policy is cost-effective compared to an (r, nQ) policy and to lower bounds on minimum achievable costs. We explore the impact
Aburaet-\_ln this paper the stock-out probabiliis are computed at each depot in a parallel multi-installation inventory system operating under a periodic review hint ordering policy in which demand follows an Erlangian distribution. A recurrence relation iskstablished for deriving expressions for th
This paper was presented at the 1992 Conference of the International Society of Inventory Research in Budapest, as a tribute to professor Andrew C. Clark for his inspiring work on multi-echelon inventory models both in theory and practice. It reviews and extends the work of the authors on periodic r