| Title:
|
Approximate evaluation of continuous review $(R,Q)$ policies in two-echelon inventory systems with stochastic transportation times (English) |
| Author:
|
Karaman, Abdullah S. |
| Language:
|
English |
| Journal:
|
Kybernetika |
| ISSN:
|
0023-5954 (print) |
| ISSN:
|
1805-949X (online) |
| Volume:
|
53 |
| Issue:
|
3 |
| Year:
|
2017 |
| Pages:
|
461-479 |
| Summary lang:
|
English |
| . |
| Category:
|
math |
| . |
| Summary:
|
This paper considers a distribution inventory system that consists of a single warehouse and several retailers. Customer demand arrives at the retailers according to a continuous-time renewal process. Material flow between echelons is driven by reorder point/order quantity inventory control policies. Our objective in this setting is to calculate the long-run inventory, backorder and customer service levels. The challenge in this system is to characterize the demand arrival process at the warehouse. We present a Markovian methodology to elucidate and approximate this process. We illustrate the use of this methodology in the distribution inventory system under stochastic transportation times with identical and non-identical retailers. (English) |
| Keyword:
|
inventory control |
| Keyword:
|
Markovian analysis |
| Keyword:
|
stochastic lead-times |
| Keyword:
|
distribution inventory systems |
| MSC:
|
60J27 |
| MSC:
|
90B05 |
| idZBL:
|
Zbl 06819618 |
| idMR:
|
MR3684680 |
| DOI:
|
10.14736/kyb-2017-3-0461 |
| . |
| Date available:
|
2017-11-12T09:43:18Z |
| Last updated:
|
2018-01-10 |
| Stable URL:
|
http://hdl.handle.net/10338.dmlcz/146937 |
| . |
| Reference:
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