| Author: | Rogers, D.F. Tsubakitani, S. |
| Title: | Newsboy-style results for multi-echelon inventory problems: backorders optimization with intermediate delays |
| Journal: | Journal of the Operational Research Society
1991 : JAN, VOL. 42:1, p. 57-68 |
| Index terms: | ALLOCATION DISTRIBUTION INVENTORIES NONLINEAR PROGRAMMING OPTIMIZATION |
| Language: | eng |
| Abstract: | A backorders minimization problem is considered for a particular multi-level inventory structure for which several finished goods with normally distributed demand are produced from a common component. Complete centralization of all inventory at the component level versus complete decentralization of all inventory to the finished-good level has previously been studied. Inventory may be stored at either level in this approach. A general, non-linear mathematical formulation with the objective of minimizing total penalty costs for expected backorders and a budget constraints upon holding costs is considered to determine amounts to stock at each point. |
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