Fixed-interval joint-replenishment policies for distribution systems with multiple retailers and stochastic demand

Naval Research Logistics

Volumn 60, Issue 8, 2013, Pages 637-651

  Wang, Qinan ^a   Axsäter, Sven ^b  

^a NANYANG TECHNOLOGICAL UNIVERSITY   (Singapore)

^b LUND UNIVERSITY   (Sweden)

Author keywords

coordinated replenishment; multiechelon inventory control policy; risk stock pooling; supply chain coordination

Indexed keywords

CENTRAL WAREHOUSE; DISTRIBUTION SYSTEMS; INVENTORY CONTROL POLICIES; INVENTORY SYSTEMS; MULTI-ECHELON INVENTORY; MULTIPLE RETAILERS; STOCHASTIC DEMAND; SUPPLY CHAIN COORDINATION;

INVENTORY CONTROL; LOCAL AREA NETWORKS; SUPPLY CHAINS; WAREHOUSES;

SALES;

EID: 84888439011     PISSN: 0894069X     EISSN: 15206750     Source Type: Journal    
DOI: 10.1002/nav.21558     Document Type: Article

References (38)

1. D. Atkins, and, P. Iyogun, Periodic versus "can-order" policies for coordinated multi-item inventory systems, Manage Sci 34 (1988), 791-796.
2. S. Axsäter, "Continuous review policies for multi-level inventory systems with stochastic demand," in:, S. Graves, A. Rinnooy Kan, and, P. Zipkin, (Editors), Handbooks in operations research and management science, Vol. 4, Logistics of production and inventory, North-Holland, Amsterdam, 1993, pp. 175-197.
3. S. Axsäter, Optimization of order-up-to-S policies in two-echelon inventory systems with periodic-review, Nav Res Logistics 40 (1993), 245-253.
4. S. Axsäter, Exact and approximate evaluation of batch-ordering policies for two-level inventory systems, Oper Res 41 (1993), 777-785.
5. S. Axsäter, Exact analysis of continuous review (R, Q)-policies in two-echelon inventory systems with compound Poisson demand, Oper Res 48 (2000), 686-696. (Pubitemid 32069957)
6. S. Axsäter, Approximate optimization of a two-level distribution inventory system, Int J Prod Econ 81-82 (2003), 545-553. (Pubitemid 35385388)
7. S. Axsäter, J. Marklund, and, E.A. Silver, Heuristic methods for centralized control of one-warehouse, N-retailer inventory systems, Manuf Serv Oper Manag 4, 1 (2002), 75-97.
8. S. Axsäter, and, K. Rosling, Installation vs. echelon stock policies for multilevel inventory control, Manage Sci 39 (1993), 1274-1280.
9. S. Cetinkaya, and, C. Lee, Stock replenishment and shipment scheduling for vendor managed inventory systems, Manage Sci 46 (2000), 217-232. (Pubitemid 30594359)
10. X. Chao, and, S. Zhou, Optimal policy for a multiechelon inventory system with batch ordering and fixed replenishment intervals, Oper Res 57 (2009), 377-390.
11. K.L. Cheung, and, H. Lee, The inventory benefit of shipment coordination and stock rebalancing in a supply chain, Manage Sci 48 (2002), 300-306. (Pubitemid 34292399)
12. A. Clark, and, H. Scarf, Optimal policies for a multi-echelon inventory problem, Manage Sci 6 (1960), 475-490.
13. M. Dogru, A. De Kok, and, G. Van Houtum, A numerical study on the effect of the balance assumption in one-warehouse multi-retailer inventory systems, Flexible Serv Manuf J 21 (2009), 114-147.
14. G. Eppen, and, L. Schrage, "Centralized ordering policies in a multiwarehouse system with leadtimes and random demand," in:, L.B. Schwarz, (Editor), Studies in the management sciences, Vol. 16, Multi-level production/inventory control systems, North-Holland, Amsterdam, 1981, pp. 88-110.
15. A. Eynan, and, D.H. Kropp, Periodic review and joint replenishment in stochastic demand environment, IIE Trans 30 (1998), 1025-1033.
16. A. Federgruen, "Centralized planning models for multi-echelon inventory systems under uncertainty," in:, S. Graves, A. Rinnooy Kan, and, P. Zipkin, (Editors), Handbooks in operations research and management science, Vol. 4, Logistics of production and inventory, North-Holland, Amsterdam, 1993, pp. 133-173.
17. A. Federgruen, and, P. Zipkin, Approximations of dynamic, multilocation production and inventory systems, Manage Sci 30 (1984), 69-84. (Pubitemid 14531746)
18. K. Feng, and, U.S. Rao, Echelon-stock (R, nT) control in two-stage serial stochastic inventory systems, Oper Res Lett 35 (2007), 95-104. (Pubitemid 44751904)
19. G. Gallego, O. Ozer, and, P. Zipkin, Bounds, heuristics, and approximations for distribution systems, Oper Res 55 (2007), 503-517. (Pubitemid 351159506)
20. S.C. Graves, A multi-echelon inventory model with fixed replenishment intervals, Manage Sci 42 (1996), 1-18. (Pubitemid 126545080)
21. P.L. Jackson, Stock allocation in a two-echelon distribution system or "What to do until your ship comes in," Manage Sci 34 (1988), 880-895.
22. A. Kumar, L. Schwarz, and, J. Ward, Risk-pooling along a fixed delivery route, Manage Sci 41 (1995), 344-362.
23. X. Li, and, Q. Wang, Coordination mechanisms of supply chain systems, Eur J Oper Res 179 (2007), 1-16. (Pubitemid 44809573)
24. F. Liu, and, J. Song, Good and bad news about the (S, T) policy, Manuf Serv Oper Manag 14 (2012), 142-149.
25. E.J. McGavin, L.B. Schwarz, and, J.E. Ward, Two-interval inventory-allocation policies in a one-warehouse N-identical retailer distribution system, Manage Sci 39 (1993), 1092-1107.
26. E.J. McGavin, J.E. Ward, and, L.B. Schwarz, Balancing retailer inventories, Oper Res 45 (1997), 820-830. (Pubitemid 127684764)
27. U.S. Rao, Properties of the periodic-review (R, T) inventory control policy for stationary, stochastic demand, Manuf Serv Oper Manag 5 (2003), 37-53.
28. L.B. Schwarz, A model for assessing the value of warehouse risk-pooling: Risk-pooling over outside-supplier leadtimes, Manage Sci 35 (1989), 828-842.
29. K. Shang, and, S. Zhou, Optimal and heuristic echelon (r, nQ, T) policies in serial inventory systems with fixed costs, Oper Res 58 (2010), 414-427.
30. K. Shang, and, S. Zhou, Optimizing replenishment intervals for two-echelon distribution systems with fixed costs, Working paper, Duke University, 2010.
31. K. Shang, S. Zhou, and, G. van Houtum, Improving supply chain performance: Real-time demand information and responsive deliveries, Manuf Serv Oper Manag 12 (2010), 430-448.
32. G. Sosic, Transshipment of inventories among retailers: Myopic vs. farsighted stability, Manage Sci 52 (2006), 1493-1508. (Pubitemid 44556057)
33. G. van Houtum, A. Scheller-Wolf, and J. Yi, Optimal control of serial inventory systems with fixed replenishment intervals, Oper Res 55 (2007), 674-687. (Pubitemid 351159549)
34. S. Viswanathan, Note: Periodic review (s, S) policies for joint replenishment inventory systems, Manage Sci 43 (1997), 1447-1454. (Pubitemid 127575319)
35. Q. Wang, Time-based joint replenishment policies, Working paper, Nanyang Business School, Nanyang Technological University, Singapore, 2010.
36. Q. Wang, "Control policies for multi-echelon inventory systems with stochastic demand," in:, T.M. Choi, and, T.C.E. Cheng, (Editors), Innovative schemes for supply chain coordination under uncertainty, Springer, New York, 2011, pp. 83-108.
37. P. Zipkin, Inventory service level measures: Convexity and approximation, Manage Sci 32 (1986), 975-981. (Pubitemid 16612188)
38. P. Zipkin, Foundations of inventory management, McGraw-Hill, Singapore, 2000.