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Many retailers discriminate among their customers based on their value to the firm. Instead of losing a customer due to this discrimination or lack of inventory, a retailer might prefer to request that other retailers satisfy the customer's demand. The system as a whole can benefit from this...
Persistent link: https://www.econbiz.de/10013072192
We study inventory optimization for locally controlled, continuous-review distribution systems with stochastic customer demands. Each node follows a base-stock policy and a first-come, first-served allocation policy. We develop two heuristics, the recursive optimization (RO) heuristic and the...
Persistent link: https://www.econbiz.de/10014203900
We study two-echelon distribution systems (also known as one-warehouse, multiple-retailer (OWMR) systems) subject to supply disruptions. We propose algorithms to find the optimal or near-optimal stocking levels of all the locations in the system by assuming periodic review base-stock policies,...
Persistent link: https://www.econbiz.de/10014039890
We review the OR/MS literature on supply chain disruptions in order to take stock of the research to date and to provide an overview of the research questions that have been addressed. We first place disruptions in the context of other forms of supply uncertainty and discuss common modeling...
Persistent link: https://www.econbiz.de/10014044658