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Comparison of Echelon Stock and Installation Stock Policies for Two-Level Inventory Systems
Lunds universitet.
Luleå tekniska universitet.
1996 (English)In: International Journal of Production Economics, ISSN 0925-5273, E-ISSN 1873-7579, Vol. 45, no 1-3, p. 303-310Article in journal (Refereed) Published
Abstract [en]

It is previously known that echelon stock reorder point policies dominate installation stock reorder point policies for serial and assembly multi-level inventory systems. This paper presents worst-case results for the relative cost difference in case of constant demand and no backorders. Furthermore, we analyze distribution systems with stochastic demand by simulation. Depending on the structure of the system either echelon stock or installation stock policies may be advantageous

Place, publisher, year, edition, pages
1996. Vol. 45, no 1-3, p. 303-310
National Category
Production Engineering, Human Work Science and Ergonomics
Research subject
Industrial Logistics
Identifiers
URN: urn:nbn:se:ltu:diva-4625DOI: 10.1016/0925-5273(95)00121-2Local ID: 299b7ac0-0701-11dd-97e0-000ea68e967bOAI: oai:DiVA.org:ltu-4625DiVA, id: diva2:977499
Note
Godkänd; 1996; 20080410 (cira)Available from: 2016-09-29 Created: 2016-09-29 Last updated: 2017-11-21Bibliographically approved

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  • apa
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