Open Daily: 10am - 10pm | Alley door pickup 10am - 7pm 3038 Hennepin Ave Minneapolis, MN
612-822-4611

  • Open Daily: 10am - 10pm
    Alley-side Pickup: 10am - 7pm

    3038 Hennepin Ave Minneapolis, MN
    612-822-4611

Open Daily: 10am - 10pm | Alley-side Pickup: 10am - 7pm
3038 Hennepin Ave Minneapolis, MN
612-822-4611
Multi-Stage Production Planning and Inventory Control

Multi-Stage Production Planning and Inventory Control

Silver, Edward
Axsäter, Sven
Schneeweiss, Christoph

Paperback

Series: Lecture Notes in Economic and Mathematical Systems, Book 266

Business General

ISBN10: 3540164367
ISBN13: 9783540164364
Publisher: Springer
Published: Mar 1 1986
Pages: 264
Weight: 1.36
Height: 0.57 Width: 8.25 Depth: 11.00
Language: English
This paper treats a two-echelon inventory system. The higher echelon is a single location reffered to as the depot, which places orders for supply of a single com- modity. The lower echelon consists of several points, called the retailers, which are supplied by shipments from the depot, and at which random demands for the item occur. Stocks are reviewed and decisions are made periodically. Orders and/or shipments may each require a fixed lead time before reaching their respective desti- nations. Section II gives a short literature review of distribution research. Section III introduces the multi-echelon distribution system together with the underlying as- sumptions and gives a description of how this problem can be viewed as a Markovian Decision Process. Section IV discusses the concept of cost modifications in a distribution context. Section V presents the test-examples together with their optimal solutions and also gives the characteristic properties of these optimal solutions. These properties then will be used in section VI to give adapted ver- sions of various heuristics which were used in assembly experiments previously and which will be tested against the test-examples.

Also in

Business General

View All