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Purpose: Integration of various logistical components in supply chain, such as transportation, inventory control and facility location are becoming common practice to avoid suboptimization in nowadays’ competitive environment. The integration of transportation and inventory decisions is known...
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We study a two-stage decision problem, namely, the allocation and deployment of reserved inventories (RIs) in a supply network with random demand surges. The demand surge follows a time-dependent stochastic process and our objective is to minimize the expected total unmet demand in the presence...
Persistent link: https://www.econbiz.de/10012904664
The placement and sizing of safety stocks in supply chains pose a challenging optimization problem. State-of-the-art multi-echelon inventory optimization models, such as the guaranteed-service approach, are non-linear and depend on statistical, time-series-based approaches that require...
Persistent link: https://www.econbiz.de/10014030018
We present an inventory management solution for a non-stationary capacitated multi-echelon distribution network involving thousands of products. Assuming backlogged sales, we revisit and leverage the seminal multi-echelon inventory management results in the literature to establish the structural...
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This paper considers a three-tier distribution network with one manufacturer, multiple warehouses and multiple retailers. The demand at the retailers is constant and shortages are not allowed. The problem is to determine location of the plant, number and location of warehouses, allocation of...
Persistent link: https://www.econbiz.de/10014044849