Burer, Samuel; Dror, Moshe - In: TOP: An Official Journal of the Spanish Society of … 20 (2012) 3, pp. 707-728
A finite set of outlets with randomly fluctuating demands bands together to reduce costs by buying, storing and distributing their inventory jointly. This is termed inventory centralization and is a type of risk pooling. The expected centralization cost can be lowered even further, without...