Showing 1 - 10 of 153
Customer order response time and system throughput capacity are key performance measures in warehouses, which depend strongly on the storage strategies deployed. One popular strategy is to split inventory into a bulk storage and a pick stock, or forward-reserve (FR) storage. Managers often use a...
Persistent link: https://www.econbiz.de/10012898233
This paper evaluates the impact of misinformation for inventory systems with product returns. Ifone could exactly know how much is going to be returned and when, one would certainly benefitfrom incorporating this perfect information a priori in the management of production, inventory,and...
Persistent link: https://www.econbiz.de/10014075209
Many of the challenges in spare parts logistics emerge due to the combination of large service networks, and sporadic/slow-moving demand. Customer heterogeneity and stringent service deadlines entail further challenges. Meanwhile, high revenues rates in service operations motivate companies to...
Persistent link: https://www.econbiz.de/10012757980
In this note we present an efficient exact algorithm to solve the joint pricing and inventoryproblem for which Bhattacharjee and Ramesh (2000) proposed two heuristics. Our algorithmappears to be superior also in terms of computation time. Furthermore, we point out several mistakes in the paper...
Persistent link: https://www.econbiz.de/10014074724
We describe hybrid manufacturing/remanufacturing systems with a long lead time for manufacturing and a short lead time for remanufacturing. We review the classes of inventory strategies for hybrid systems in the literature. These are all based on equal lead times. For systems with slow...
Persistent link: https://www.econbiz.de/10014031452
This work aims at investigating the influence of picking batch size to average time in system of orders in a one-aisle warehouse under the assumption that order arrivals follow a Poisson process and items are uniformly distributed over the aisle's length. We model this problem as an M/G[k]/1...
Persistent link: https://www.econbiz.de/10014031463
Sustainability has become a major issue in most economies, causing many leading companies to focus on product recovery and reverse logistics. This research is focused on product recovery, and in particular on production control and inventory management in the remanufacturing context. We study a...
Persistent link: https://www.econbiz.de/10014092470
In the warehouse of Ankor, a wholesaler of tools and garden equipment, various problems concerning the storage and retrieval of products arise. For example, heavy products have to be retrieved prior to light products to prevent damage. Furthermore, the layout of the warehouse differs from the...
Persistent link: https://www.econbiz.de/10014092496
In this paper an inventory model for a single reusable product is investigated,in which the random returns depend explicitly on the demand stream. Further,the model distinguishes itself from most other research in this field by consideringleadtimes and a finite planning horizon. We show that...
Persistent link: https://www.econbiz.de/10014092592
Inventory policies for joint remanufacturing and manufacturing have recently received muchattention. Most efforts, though, were related to (optimal) policy structures and numericaloptimization, rather than closed form expressions for calculating near optimal policy parameters.The focus of this...
Persistent link: https://www.econbiz.de/10014067912