A characterization of optimal base-stock levels for a multistage serial supply chain

DOI10.1002/NAV.21675MaRDI QIDQ2808490zbMATH OpenOpenAlexFDO

Authors Peter Berling, Victor Martínez-de-Albéniz

Publication date 23 May 2016

Published in Naval Research Logistics (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1002/nav.21675

zbMATH Keywords

inventorymulti-echelonunit decomposition

Mathematics Subject Classification ID

Inventory, storage, reservoirs (90B05) Optimal stochastic control (93E20)

Recommendations

• Near-optimal echelon-stock \((R,nQ)\) policies in multistage serial systems
• Optimal Control of Serial Inventory Systems with Fixed Replenishment Intervals
• A single-period inventory placement problem for a serial supply chain
• A globally optimal local inventory control policy for multistage supply chains
• Optimizing inventory decisions in a multi-stage supply chain under stochastic demands

Cites work

• A Multi-Echelon Inventory Model for a Repairable Item with One-for-One Replenishment
• A Series System with Returns: Stationary Analysis
• A Single-Unit Decomposition Approach to Multiechelon Inventory Systems
• A decomposition approach for a class of capacitated serial systems
• A new algorithm and a new heuristic for serial supply systems
• Computational Issues in an Infinite-Horizon, Multiechelon Inventory Model
• Continuous-Review Policies for a Multi-Echelon Inventory Problem with Stochastic Demand
• Echelon reorder points, installation reorder points, and the value of centralized demand information.
• Exact and Approximate Evaluation of Batch-Ordering Policies for Two-Level Inventory Systems
• Lower Bounds for Multi-Echelon Stochastic Inventory Systems
• Newsvendor bounds and heuristic for optimal policies in serial supply chains
• Notes: Installation vs. Echelon Stock Policies for Multilevel Inventory Control
• Optimal Inventory Policies for Assembly Systems Under Random Demands
• Optimal Policies for Multiechelon Inventory Problems with Markov-Modulated Demand
• Optimal inventory policies when purchase price and demand are stochastic
• Simple Solution Procedures for a Class of Two-Echelon Inventory Problems
• The capital cost of holding inventory with stochastically mean-reverting purchase price

Cited in

(9)

• Using complete squares method to optimize replenishment policies in a four-stage supply chain with planned backorders
• A typology and literature review on stochastic multi-echelon inventory models
• An integrated guaranteed- and stochastic-service approach to inventory optimization in supply chains
• A single-period inventory placement problem for a serial supply chain
• A single-period inventory placement problem for a supply system with the satisficing objective
• Optimization of vehicle speed for batches to minimize supply chain cost under uncertain demand
• Typology and literature review on multiple supplier inventory control models
• Optimal control strategy of serial supply chain
• A globally optimal local inventory control policy for multistage supply chains

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