Showing 1 - 10 of 21
In classic inventory models it is common to assume that excess demand is backordered. However, studies analyzing customer behavior in practice show that most unfulfilled demand is lost or an alternative item/location is looked for in many retail environments. Inventory systems that include this...
Persistent link: https://www.econbiz.de/10009249523
Field services are a particular type of after-sales service performed at the customer's location where technicians repair malfunctioning machines. The inventory decisions about which spare part types to take to the repair site and in what quantities is called the repair kit problem. This problem...
Persistent link: https://www.econbiz.de/10008483214
Competitive retail environments are characterized by service levels and lost sales in case of excess demand. We contribute to research on lost-sales models with a service level criterion in multiple ways. First, we study the optimal replenishment policy for this type of inventory system as well...
Persistent link: https://www.econbiz.de/10010597676
Full-cost inventory models are mostly studied in the literature, whereas service level constraints are more common to be observed in practical settings. In this paper, we consider periodic review inventory systems with service level restrictions. The control of such inventory systems is limited...
Persistent link: https://www.econbiz.de/10010986965
In almost all literature on inventory models with lost sales and periodic reviews the lead time is assumed to be either an integer multiple of or less than the review period. In a lot of practical settings such restrictions are not satisfied. We develop new models allowing constant lead times of...
Persistent link: https://www.econbiz.de/10011052560
In this paper we consider a single-item inventory system with lost sales and fixed order cost. We numerically illustrate the lack of a clear structure in optimal replenishment policies for such systems. However, policies with a simple structure are preferred in practical settings. Examples of...
Persistent link: https://www.econbiz.de/10011077635
Cross-docking is a distribution strategy that enables the consolidation of less-than-truckload shipments into full truckloads without long-term storage. Due to the absence of a storage buffer inside a cross-dock, local and network-wide cross-docking operations need to be carefully synchronized....
Persistent link: https://www.econbiz.de/10010906815
Persistent link: https://www.econbiz.de/10005236932
Within maritime logistics the containerised trade market is growing rapidly with the uprising of the Far East. European container port competition among the ports in the Le Havre-Hamburg range is fierce as they are threatened by a shortage of terminal capacity. The port of Amsterdam identified...
Persistent link: https://www.econbiz.de/10005150507
Many supply chains strive to shorten the time between a customer's order and the actual delivery of the ordered goods, i.e. the response time. However, a shorter response time may induce a higher volatility in goods flows. We present practical methods to determine layouts for the material...
Persistent link: https://www.econbiz.de/10005150536