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A Simple Decision R...
A Simple Decision Rule for Decentralized Two-Echelon Inventory Control
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- Axsäter, Sven (författare)
- Lund University,Lunds universitet,Produktionsekonomi,Institutionen för maskinvetenskaper,Institutioner vid LTH,Lunds Tekniska Högskola,Production Management,Department of Mechanical Engineering Sciences,Departments at LTH,Faculty of Engineering, LTH
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(creator_code:org_t)
- Elsevier BV, 2005
- 2005
- Engelska.
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Ingår i: International Journal of Production Economics. - : Elsevier BV. - 0925-5273. ; 93-94, s. 53-59
- Relaterad länk:
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http://dx.doi.org/10...
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Abstract
Ämnesord
Stäng
- We consider a two-echelon distribution inventory system with a central warehouse and a number of retailers. The retailers face stochastic demand. The system is controlled by continuous review installation stock (R,Q) policies with given batch quantities. One way to decentralize the system control is to provide a backorder cost to the warehouse, and let the warehouse choose its reorder point so that the sum of the expected holding and backorder costs are minimized. Given the resulting warehouse policy, the retailers similarly optimize their costs with respect to the reorder points. This paper provides a simple approximate technique for determining the backorder cost to be used by the warehouse.
Ämnesord
- TEKNIK OCH TEKNOLOGIER -- Samhällsbyggnadsteknik -- Transportteknik och logistik (hsv//swe)
- ENGINEERING AND TECHNOLOGY -- Civil Engineering -- Transport Systems and Logistics (hsv//eng)
Publikations- och innehållstyp
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- ref (ämneskategori)
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