Inventory minimisation by service level optimisation for increased freshness and availability to end consumer in a multi echelon system: FMCG case

International Journal of Applied Management Science

Volumn 4, Issue 2, 2012, Pages 165-188

  Sharma, Sanjay ^a   Singh, Amit ^a  

^a NATIONAL INSTITUTE OF INDUSTRIAL ENGINEERING NITIE   (India)

Author keywords

Freshness; Multi echelon system; Scientific modelling; Service level optimisation

Indexed keywords

EID: 84859401198     PISSN: 17558913     EISSN: 17558921     Source Type: Journal    
DOI: 10.1504/IJAMS.2012.046231     Document Type: Article

References (22)

1. Axsäter, S. (2003) 'Approximate optimization of a two-level distribution inventory system', International Journal of Production Economics, Vols. 81-82, pp. 545-553. (Pubitemid 35385388)
2. Beamon, B.M. (1998) Supply Chain Design Analysis: Models and Methods, Department of Mechanical, Industrial and Nuclear Engineering, University of Cincinnati, Cincinnati.
3. Caggiano, K.E., Jackson, P.L., Muckstadt, J.A. and Rappold, J.A. (2007) 'Optimizing service parts inventory in a multi-echelon, multi-item supply chain with time-based customer service level agreements', Operations Research, Vol. 55, No. 2, pp. 303-318. (Pubitemid 46663464)
4. Caglar, D., Li, C-L. and Simchi-Levi, D. (2004) 'Two-echelon spare parts inventory system subject to a service constraint', IIE Transactions, Vol. 36, No. 7, pp. 655-666.
5. Cardós, M. and Babiloni, E. (2011) 'Exact and approximate calculation of the cycle service level in periodic review inventory policies', International Journal of Production Economics, Vol. 131, No. 1, pp. 63-68, doi:10.1016/j.ijpe.2010.05.012.
6. Chiu, H.N. (1995) 'An approximation to the continuous review inventory model with perishable items and lead times', European Journal of Operational Research, Vol. 87, No. 1, pp. 93-108.
7. Cohen, M., Kleindorfer, P. and Lee, H.L. (1986) 'Optimal stocking policies for low usage items in multi-echelon inventory systems', Naval Research Logistics Quarterly, Vol. 33, No. 1, pp. 17-38. (Pubitemid 16503350)
8. Fujiwara, O., Soewandi, H. and Sedarage, D. (1997) 'An optimal ordering and issuing policy for a two-stage inventory system for perishable products', European Journal of Operational Research, Vol. 99, No. 2, pp. 412-424. (Pubitemid 127416259)
9. Fries, B. (1975) 'Optimal order policies for a perishable commodity with fixed lifetime', Operations Research, Vol. 23, No. 1, pp. 46-61.
10. Gürler, Ü. and Özkaya, Y.B. (2008) 'Analysis of the (s, S) policy for perishables with a random shelf life', IIE Transactions, Vol. 40, No. 8, pp. 759-781.
11. Hu, X. and Xie, J. (2010) 'Assessing the value of early order commitment for supply chains with (s, S) policies and lost sales', International Journal of Applied Management Science, Vol. 2, No. 3, pp. 205-223.
12. Jha, J.K. and Shanker, K. (2009) 'Two-echelon supply chain inventory model with controllable lead time and service level constraint', Computers & Industrial Engineering, Vol. 57, No. 3, pp. 1096-1104.
13. Lee, H.T. and Wu, J.C. (2006) 'A study on inventory replenishment policies in a two-echelon supply chain system', Computers & Industrial Engineering, Vol. 51, No. 2, pp. 257-263. (Pubitemid 44573584)
14. Liberopoulos, G. (2008) 'On the tradeoff between optimal order-base-stock levels and demand lead-times', European Journal of Operational Research, Vol. 190, No. 1, pp. 136-155. (Pubitemid 351434632)
15. Miranda, P.A. and Garrido, R.A. (2009) 'Inventory service level optimization within distribution network design problem', Int. J. Production Economics, Vol. 122, No. 1, pp. 276-285.
16. Moon, I. and Choi, S. (1994) 'The distribution free continuous review inventory system with a service level constraint', Computers and Industrial Engineering, Vol. 27, Nos. 1-4, pp. 209-212.
17. Nahmias, S. (1982) 'Perishable inventory theory: a review', Operations Research, Vol. 30, No. 4, pp. 680-708.
18. Sethi, S.P. and Cheng, F. (1997) 'Optimality of (s, S) policies in inventory models with Markovian demand processes', Operations Research, Vol. 45, No. 6, pp. 931-940.
19. Sharma, S. (2008) 'Theory of exchange', European Journal of Operational Research, Vol. 186, No. 1, pp. 128-136. (Pubitemid 47610807)
20. Sharma, S. (2009a) 'Extending Sanjay Sharma's theory of exchange', International Journal of Applied Management Science, Vol. 1, No. 4, pp. 325-339.
21. Sharma, S. (2009b) 'Single/multiple parameter swapping in the context of Sanjay Sharma's theory of exchange', International Journal of Advanced Manufacturing Technology, Vol. 40, Nos. 5-6, pp. 629-635.
22. Williams, C.L. and Patuwo, B.E. (1999) 'A perishable inventory model with positive order lead times', European Journal of Operational Research, Vol. 116, No. 2, pp. 352-373.