Continuous Review Policies For A Multi Echelon Inventory Problem With Stochastic Demand Classic Reprint
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Continuous Review Policies For A Multi Echelon Inventory Problem With Stochastic Demand Classic Reprint
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Author : Marc de Bodt
language : en
Publisher:
Release Date : 2015-08-05
Continuous Review Policies For A Multi Echelon Inventory Problem With Stochastic Demand Classic Reprint written by Marc de Bodt and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015-08-05 with Business & Economics categories.
Excerpt from Continuous-Review Policies for a Multi-Echelon Inventory Problem With Stochastic Demand Continuous-Review Policies for a Multi-Echelon Inventory Problem With Stochastic Demand was written by Marc de Bodt and Stephen C. Graves in 1982. This is a 58 page book, containing 5607 words and 5 pictures. Search Inside is enabled for this title. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
Continuous Review Policies For A Multi Echelon Inventory Problem With Stochastic Demand
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Author : Marc De Bodt
language : en
Publisher:
Release Date : 1982
Continuous Review Policies For A Multi Echelon Inventory Problem With Stochastic Demand written by Marc De Bodt and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1982 with Inventory control categories.
Continuous Review Policies For A Multi Echelon Inventory Problem With Stochastic Demand
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Author : Bodt Marc de
language : en
Publisher:
Release Date : 1901
Continuous Review Policies For A Multi Echelon Inventory Problem With Stochastic Demand written by Bodt Marc de and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1901 with categories.
A Comparison Of Continuous And Periodic Review Policies In A Two Echelon Multi Item Inventory System
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Author : Paul Sasseville
language : en
Publisher:
Release Date : 1977
A Comparison Of Continuous And Periodic Review Policies In A Two Echelon Multi Item Inventory System written by Paul Sasseville and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1977 with Inventory control categories.
Multi Echelon Inventory Impact Of Varied Ordering Policies On Realized Service Levels
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Author : Stephen P. Brady
language : en
Publisher:
Release Date : 1999-08-01
Multi Echelon Inventory Impact Of Varied Ordering Policies On Realized Service Levels written by Stephen P. Brady and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1999-08-01 with categories.
Wholesalers face an environment where different retail establishments may follow different ordering policies. Typically, wholesalers do not consider the individual retail establishment's ordering policies when setting and computing their service levels. This research looked at whether there was a negative impact on retailers due to interactions between ordering policies. Current research has focused on serial relationships in multi-echelon inventory problems. This research extends existing research by assessing the impacts of differing ordering policies upon service level performance for each retail level establishment in a parallel multi-echelon inventory environment, for slow-demand items. Conducted through the use of simulation, one model was developed representing three ordering policies: Periodic Review, Continuous Review, and an Instantaneous Reorder Policy. Each policy was isolated, and the models run to get a baseline of performance. Finally, the complete model was run, and comparisons were made between the performance of the policies alone, and interacting.
Markovian Demand Inventory Models
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Author : Dirk Beyer
language : en
Publisher: Springer Science & Business Media
Release Date : 2009-10-03
Markovian Demand Inventory Models written by Dirk Beyer and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 2009-10-03 with Business & Economics categories.
This text provides a superbly researched insight into Markovian demand inventory models. The result of ten years of research, this work covers all aspects of demand inventory where they are modeled by Markov processes. Inventory management is concerned with matching supply with demand and is a central problem in Operations Management. The central problem is to find the amount to be produced or purchased in order to maximize the total expected profit, or minimize the total expected cost.
A Multi Product Dynamic Nonstationary Inventory Problem
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Author : Arthur F. Veinott (Jr.)
language : en
Publisher:
Release Date : 1964
A Multi Product Dynamic Nonstationary Inventory Problem written by Arthur F. Veinott (Jr.) and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1964 with Inventories categories.
The paper is concerned with a multi-product dynamic nonstationary inventory problem in which the system is reviewed at the beginning of each of a sequence of periods of equal length. The model has the following features. There is a general demand process with no stationarity or independence assumptions, partial or complete backlogging of unfilled demand, a fixed nonnegative delivery lag (which may be positive only under complete backlogging), a nonstationary linear ordering cost, a nonstationary holding and shortage cost function, discounting of future costs, and nonstationary restrictions like budget and storage limitations. The objective is to choose an ordering policy that minimizes the expected discounted costs over an infinite time horizon. Conditions are given that ensure that the base stock ordering policy is optimal and that the base stock levels in each period are easy to calculate. (Author).
Optimal Control And Optimization Of Stochastic Supply Chain Systems
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Author : Dong-Ping Song
language : en
Publisher: Springer Science & Business Media
Release Date : 2012-11-29
Optimal Control And Optimization Of Stochastic Supply Chain Systems written by Dong-Ping Song and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-11-29 with Technology & Engineering categories.
Optimal Control and Optimization of Stochastic Supply Chain Systems examines its subject the context of the presence of a variety of uncertainties. Numerous examples with intuitive illustrations and tables are provided, to demonstrate the structural characteristics of the optimal control policies in various stochastic supply chains and to show how to make use of these characteristics to construct easy-to-operate sub-optimal policies. In Part I, a general introduction to stochastic supply chain systems is provided. Analytical models for various stochastic supply chain systems are formulated and analysed in Part II. In Part III the structural knowledge of the optimal control policies obtained in Part II is utilized to construct easy-to-operate sub-optimal control policies for various stochastic supply chain systems accordingly. Finally, Part IV discusses the optimisation of threshold-type control policies and their robustness. A key feature of the book is its tying together of the complex analytical models produced by the requirements of operational practice, and the simple solutions needed for implementation. The analytical models and theoretical analysis propounded in this monograph will be of benefit to academic researchers and graduate students looking at logistics and supply chain management from standpoints in operations research or industrial, manufacturing, or control engineering. The practical tools and solutions and the qualitative insights into the ideas underlying functional supply chain systems will be of similar use to readers from more industrially-based backgrounds.
An Analysis Of One Warehouse N Retailer Production Inventory Systems
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Author : Howard Mark Singer
language : en
Publisher:
Release Date : 1979
An Analysis Of One Warehouse N Retailer Production Inventory Systems written by Howard Mark Singer and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1979 with Inventory control categories.
In this thesis the one warehouse, N retailer production inventory system is examined. We present properties of optimal operating policies and methods to determine various operating policies given a fixed cost for set-up and an inventory carrying charge at each facility. We assume that the external demands on this system occur either at a known continuous rate that is stationary over an infinite time horizon, or at a known rate that may vary in each of a finite number of periods. We will refer to the former case as a continuous one warehouse, N retailer problem and the latter as a dynamic demand problem. A one warehouse, N retailer system is a special case of the more general arborescent production inventory system. We begin by examining the previous research on systems with this arborescent structure as well as reviewing the literature dealing with the serial and assembly multi-echelon production inventory systems. The continuous one warehouse, N retailer problem is then examined in detail. The basic model is introduced as well as some previously solved special cases. Several basic production policies that have been suggested for this system are reviewed and properties of an overall optimal solution are discussed. Optimal and heuristic algorithms are developed to determine the values of the parameters in 'single cycle' policies (Schwarz, 1973) and make comparisons based on both the quality of solutions obtained and the computational effort. It has been conjectured by Graves and Schwarz (1977) that these single cycle policies are optimal for certain larger classes of production plans and we demonstrate that this is not the case. Finally, the class of multiple cycling policies and their relation to optimality, is discussed.
Planning Production And Inventories In The Extended Enterprise
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Author : Karl G. Kempf
language : en
Publisher: Springer Science & Business Media
Release Date : 2011-01-12
Planning Production And Inventories In The Extended Enterprise written by Karl G. Kempf and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011-01-12 with Business & Economics categories.
In two volumes, Planning Production and Inventories in the Extended Enterprise: A State of the Art Handbook examines production planning across the extended enterprise against a backdrop of important gaps between theory and practice. The early chapters describe the multifaceted nature of production planning problems and reveal many of the core complexities. The middle chapters describe recent research on theoretical techniques to manage these complexities. Accounts of production planning system currently in use in various industries are included in the later chapters. Throughout the two volumes there are suggestions on promising directions for future work focused on closing the gaps.