Showing 1 - 10 of 23
marketing process, and a qualitative and quantitative analysis on the implications for the transportation and inventory costs …
Persistent link: https://www.econbiz.de/10010837728
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/10010837754
The present paper discusses an approach to solve the joint replenishment problem in a production environment with concave production cost functions. Under this environment, the model leads to a global optimization problem, which is investigated by using some standard results from convex...
Persistent link: https://www.econbiz.de/10010837784
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/10010837810
In most multi-item inventory systems, the ordering costs consist of a major cost and a minor cost for each item … included. Applying for every individual item a cyclic inventory policy, where the cycle length is a multiple of some basic … discussed in this paper. It is shown that this algorithm can be used for deterministic multi-item inventory problems, with …
Persistent link: https://www.econbiz.de/10010837905
The repair kit problem is that of finding the optimal set of parts in the kit of a repairman. An important aspect of this problem, in many real-life situations, is that several job-sites are visited before a kit is restocked. In this paper, we present two heuristics for solving the multiple-job...
Persistent link: https://www.econbiz.de/10010837906
In this paper we consider the capacitated lot-sizing problem (CLSP) with linear costs. It is known that this problem is NP-hard, but there exist special cases that can be solved in polynomial time. The purpose of this paper is twofold. First, we derive a backward algorithm based on the forward...
Persistent link: https://www.econbiz.de/10010837963
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/10010838004
) 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/10010731601
We analyze a newsboy problem with resalable returns. A single order is placed before the selling season starts. Purchased products may be returned by the customer for a full refund within a certain time interval. Returned products are resalable, provided they arrive back before the end of the...
Persistent link: https://www.econbiz.de/10010731608