Showing 1 - 10 of 21
we analyze the effect on inventory performance of having minimum order quantities for the different products in the joint …
Persistent link: https://www.econbiz.de/10005450841
) lost sales inventory model with multiple demand classes. Our main result is that we establish guaranteed optimality for two …
Persistent link: https://www.econbiz.de/10004964465
In this paper we analyse the effect of satisfying in a different way customers with an order larger than a prespecified cutoff transaction size, in a simple newsboy setting. For compound Poisson demand with discrete order sizes, we show how to determine the expected costs and the optimal cutoff...
Persistent link: https://www.econbiz.de/10004972184
marketing process, and a qualitative and quantitative analysis on the implications for the transportation and inventory costs …
Persistent link: https://www.econbiz.de/10004972199
Whenever demand for a single item can be categorized into classes of different priority, an inventory rationing policy …-called critical level policy is applied to ration the inventory among the two demand classes. With this policy, low--priority demand … is rejected in anticipation of future high--priority demand whenever the inventory level is at or below a prespecified …
Persistent link: https://www.econbiz.de/10004972200
In this chapter we discuss inventory systems where several demand classes may be distinguished. In particular, we focus … on single-location inventory systems and we analyse the use of a so-called critical level policy. With this policy some … inventory is reserved for high-priority demand. A number of practical examples where several demand classes naturally arise are …
Persistent link: https://www.econbiz.de/10004972211
In this paper the effect of the break quantity rule on the inventory costs in a 1-warehouse, N-retailers distribution …, an expression for the inventory costs is derived. The objective of this paper is to provide insight into the effect of … the break quantity rule on the inventory holding costs, and therefore we present extensive computational results, showing …
Persistent link: https://www.econbiz.de/10004972214
During the last two decades, many heuristic procedures for the joint replenishment problem have appeared in the literature. The only available optimal solution procedure was based on an enumerative approach and was computationally prohibitive. In this paper we present an alternative optimal...
Persistent link: https://www.econbiz.de/10004972230
system, consisting of one warehouse and one retailer, where the inventory at the retailer is controlled by an order up to … level policy, and where at the warehouse there is enough inventory to satisfy all orders from the retailer and the customers …
Persistent link: https://www.econbiz.de/10004972234
In this paper we give a complete analysis of the joint replenishment problem (JRP) under constant demands and continuous time. We present a solution method for the JRP when a correction is made for empty replenishments, and we test the solution procedures with real data. We show that the...
Persistent link: https://www.econbiz.de/10005000449