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Product returns have become a significant feature of many manufacturing systems. Because products are returned under different operational conditions, they usually require different remanufacturing effort/costs. Motivated by a project with a major energy company that manages its inventory...
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In some supply chains, materials are ordered periodically according to local information. This paper investigates how to improve the performance of such a supply chain. Specifically, we consider a serial inventory system in which each stage implements a local reorder interval policy; i.e., each...
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This paper studies a periodic-review, serial supply chain in which materials are ordered and shipped according to (R,nQ) policies. Three information scenarios are considered, depending on the level of information available: echelon, local, and quasilocal. In the echelon scenario, each stage can...
Persistent link: https://www.econbiz.de/10009208993
We consider the classic N-stage serial supply systems with linear costs and stationary random demands. There are deterministic transportation leadtimes between stages, and unsatisfied demands are backlogged. The optimal inventory policy for this system is known to be an echelon base-stock...
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No abstract available.
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We analyze a serial base-stock inventory model with Poisson demand and a fill-rate constraint. Our objective is to gain insights into the linkage between the stages to facilitate optimal system design and decentralized system control. To this end, we develop a closed-form approximation for the...
Persistent link: https://www.econbiz.de/10009218716