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Author:Eynan, A.
Title:The multi-location inventory centralization problem with first-come, first-served allocation
Journal:European Journal of Operational Research
1999 : APR 1, VOL. 114:1, p. 38-49
Index terms:OPERATIONAL RESEARCH
CENTRALISATION
INVENTORY CONTROL
Language:eng
Abstract:In this paper the multi-location inventory centralization problem is studied. Each location may be characterized by a unique selling price and unique consequences of stockouts, reflecting its market economic structure. The practice of such scenarios increases as more firms become involved in global international operations. The objective is to determine the initial inventory level which will maximize the expected profit when allocation of inventory is immediate to the time when demand is generated.
SCIMA record nr: 195037
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