Heuristic Coordination of Decentralized Inventory Systems Using Induced Backorder Costs

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Sammanfattning

In this paper, we investigate a one-warehouse multiple-retailer system, where the inventory control decisions are coordinated using a near optimal induced backorder cost, β*. All installations use continuous review installation-stock (R, Q) policies. The analysis builds on an approximation model where the stochastic warehouse delays are replaced by their correct averages. The contributions include insights as to how β* is influenced by system parameters, and the determination of simple closed form β* estimates. The latter offering a practical means to achieve coordinated control of large size systems.
Originalspråkengelska
Sidor (från-till)294-310
TidskriftProduction and Operations Management
Volym15
Nummer2
StatusPublished - 2006

Ämnesklassifikation (UKÄ)

  • Transportteknik och logistik

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