Comparison of echelon stock and installation stock policies for two-level inventory systems
1996; Elsevier BV; Volume: 45; Issue: 1-3 Linguagem: Inglês
10.1016/0925-5273(95)00121-2
ISSN1873-7579
Autores Tópico(s)Optimization and Search Problems
ResumoIt is previously known that echelon stock reorder point policies dominate installation stock reorder point policies for serial and assembly multi-level inventory systems. This paper presents worst-case results for the relative cost difference in case of constant demand and no backorders. Furthermore, we analyze distribution systems with stochastic demand by simulation. Depending on the structure of the system either echelon stock or installation stock policies may be advantageous.
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