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The most recent optimization algorithm for (s, S) order policies with continuous demand was developed byFedergruen and Zipkin (1985). This was also the first efficient algorithm, which uses policy iteration instead ofdiscretization. Zheng and Federgruen (1991) developed an even more efficient...
Persistent link: https://www.econbiz.de/10010324948
performance measures, demand processes and order policies, and leads toeasier analysis and implementation, than prior research. We … obtain closed form expressions forthe Laplace transforms of the expressions of the performance measures, and with the help of …
Persistent link: https://www.econbiz.de/10010324974
analyze the effect on inventory performance of havingminimum order quantities for the different products in the joint order …
Persistent link: https://www.econbiz.de/10010324799
, each with its appropriate mechanism and background theory. The first one 'Acting In' structures organizational practices in …
Persistent link: https://www.econbiz.de/10014433941
In manual order picking systems, order pickers walk or drive through a distribution warehouse in order to collect items which are requested by (internal or external) customers. In order to perform these operations efficiently, it is usually required that customer orders are combined into (more...
Persistent link: https://www.econbiz.de/10010421349
In equipment-intensive industries such as truck manufacturing, electronics manufacturing, photo copiers,and airliners, service parts are often slow moving items for which, in some cases, the transshipment timeis not negligible. However, this aspect is hardly considered in the existing spare...
Persistent link: https://www.econbiz.de/10010325644
In this paper we first show that the gains achievable by integrating pricing and inventory control are usually small for classical demand functions. We then introduce reference price models and demonstrate that for this class of demand functions the benefits of integration with inventory control...
Persistent link: https://www.econbiz.de/10010421327
This paper presents the results of a comprehensive literature review of the organization of purchasing covering the period from 1967 to 2009. The review provides a structured overview of prior research topics and findings and identifies gaps in the existing literature that may be addressed in...
Persistent link: https://www.econbiz.de/10010421363
evaluation of logistics effectiveness and efficiency is gaining increased attention. Logistics performance management (PM) is the … availability of logistics performance measurement systems (PMS), which are actually applicable to industry within a lean logistics …, which follows lean principles. For industry, this paper provides specific suggestions for a PMS, as well as performance …
Persistent link: https://www.econbiz.de/10011643801
Imbalances in bargaining position between companies in the supply chains lead to asymmetrical relationships. While a large body of literature has addressed asymmetrical relationships in the supply chain, not much work has been exploring the issues of tactical decisions. This study presents a...
Persistent link: https://www.econbiz.de/10014505671