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Comparison of echelon stock and installation stock policies with policy adjusted order quantities
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- Axsäter, Sven (author)
- 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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- Juntti, Lars (author)
- Luleå tekniska universitet
- (creator_code:org_t)
- 1997
- 1997
- English.
- In: International Journal of Production Economics. - 0925-5273 .- 1873-7579. ; 48:1, s. 1-7
- Journal article (peer-reviewed)
Abstract
Subject headings
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- Echelon stock and installation stock reorder point policies for multi-level inventory control have been compared in previous studies. It is known that echelon stock policies dominate installation stock policies for serial and assembly systems. Earlier comparisons assume that both policies use the same given order quantities, while each policy is optimized with respect to its reorder points. This paper presents worst case results for the cost ratio when the order quantities can be optimized for each policy.
Subject headings
- TEKNIK OCH TEKNOLOGIER -- Maskinteknik -- Produktionsteknik, arbetsvetenskap och ergonomi (hsv//swe)
- ENGINEERING AND TECHNOLOGY -- Mechanical Engineering -- Production Engineering, Human Work Science and Ergonomics (hsv//eng)
- TEKNIK OCH TEKNOLOGIER -- Samhällsbyggnadsteknik -- Transportteknik och logistik (hsv//swe)
- ENGINEERING AND TECHNOLOGY -- Civil Engineering -- Transport Systems and Logistics (hsv//eng)
Keyword
- Industrial Logistics
- Industriell logistik
Publication and Content Type
- ref (subject category)
- art (subject category)
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