Author: | Andersson, J. Marklund, J. |
Title: | Decentralized inventory control in a two-level distribution systems |
Journal: | European Journal of Operational Research
2000 : DEC 16, VOL. 127:3, p. 483-506 |
Index terms: | SUPPLY INVENTORIES DECENTRALISATION |
Language: | eng |
Abstract: | The authors consider a model for decentralized inventory control in a two-level distribution system with one central warehouse and N non-identical retailers. All installations use continuous review installation stock (R,Q)-policies for replenishing their inventories. The authors' approach is based on an approximate cost evaluation technique, where the retailers replace their stochastic lead-times by correct averages. |
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