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Comparison of echelon stock and installation stock policies with policy adjusted order quantities
Luleå tekniska universitet.
1997 (English)In: International Journal of Production Economics, ISSN 0925-5273, E-ISSN 1873-7579, Vol. 48, no 1, p. 1-7Article in journal (Refereed) Published
Abstract [en]

Echelon stock and installation stock reorder point policies for multi-level inventory control have been compared in previous studies. It is known that echelon stock policies dominate installation stock policies for serial and assembly systems. Earlier comparisons assume that both policies use the same given order quantities, while each policy is optimized with respect to its reorder points. This paper presents worst case results for the cost ratio when the order quantities can be optimized for each policy.

Place, publisher, year, edition, pages
1997. Vol. 48, no 1, p. 1-7
National Category
Production Engineering, Human Work Science and Ergonomics
Research subject
Industrial Logistics
Identifiers
URN: urn:nbn:se:ltu:diva-5297DOI: 10.1016/S0925-5273(97)80947-4Local ID: 35d39f50-b3b7-11db-bf94-000ea68e967bOAI: oai:DiVA.org:ltu-5297DiVA: diva2:978171
Note
Godkänd; 1997; 20070203 (ysko)Available from: 2016-09-29 Created: 2016-09-29 Last updated: 2017-11-21Bibliographically approved

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