Inventory Control in Divergent Supply Chains with Time-Based Dispatching and Shipment Consolidation
Författare
Summary, in English
This article analyses a divergent supply chain consisting of a central warehouse and N nonidentical retailers. The focus is on joint evaluation of inventory replenishment and shipment consolidation effects. A time-based dispatching and shipment consolidation policy is used at the warehouse in conjunction with real-time point-of-sale data and centralized inventory information. This represents a common situation, for example, in various types of vendor managed inventory systems. The main contribution is the derivation of an exact recursive procedure for determining the expected inventory holding and backorder costs for the system, under the assumption of Poisson demand. Two heuristics for determining near optimal shipment intervals are also presented. The results are applicable both for single-item and multiitem systems. (C) 2011 Wiley Periodicals, Inc. Naval Research Logistics 58: 59-71, 2011
Avdelning/ar
Publiceringsår
2011
Språk
Engelska
Sidor
59-71
Publikation/Tidskrift/Serie
Naval Research Logistics
Volym
58
Issue
1
Dokumenttyp
Artikel i tidskrift
Förlag
John Wiley & Sons Inc.
Ämne
- Transport Systems and Logistics
Nyckelord
- inventory/production
- multiechelon
- shipment consolidation
- continuous
- review
- stochastic
- Poisson demand
Status
Published
ISBN/ISSN/Övrigt
- ISSN: 0894-069X