Comparison of single-echelon vs. multi-echelon inventory systems using multi-objective stochastic modelling

International Journal of Logistics Systems and Management

Volumn 23, Issue 2, 2016, Pages 255-280

  Ekanayake, Nadeera ^a   Joshi, Nilesh ^a   Thekdi, Shital A ^b  

^a MOREHEAD STATE UNIVERSITY   (United States)

^b UNIVERSITY OF RICHMOND   (United States)

Author keywords

Distribution; Inventory systems; Logistics; Multi echelon; Optimisation; Single echelon

Indexed keywords

EID: 84953391310     PISSN: 17427967     EISSN: 17427975     Source Type: Journal    
DOI: 10.1504/IJLSM.2016.073971     Document Type: Article

References (26)

1. Anne, K.R., Chedjou, J.C. and Kyamakya, K. (2009) 'Bifurcation analysis and synchronisation issues in a three-echelon supply chain', International Journal of Logistics: Research and Applications, Vol. 12, No. 5, pp.347-362.
2. Azadeh, A., Allahverdiloo, M. and Shirkouhi, S.N. (2011) 'A computer simulation model for analysing performance of inventory policy in multi-product mode in two-echelon supply chain', International Journal of Logistics Systems and Management, Vol. 8, No. 1, pp.66-85.
3. Bahinipati, B.K., Kanda, A. and Deshmukh, S.G. (2009) 'Coordinated supply management: review, insights, and limitations', International Journal of Logistics: Research and Applications, Vol. 12, No. 6, pp.407-422.
4. Caballini, C. and Revetria, R. (2008) 'A system dynamics model for the simulation of anon multi echelon supply chain: analysis and optimization utilizing the Berkeley Madonna software', International Journal of Mathematical Models and Methods in Applied Sciences, Vol. 4, No. 2, pp.503-512.
5. Chopra, S. and Meindl, P. (2003) Supply Chain Management: Strategy, Planning and Operation, 2nd ed., Prentice Hall, Upper Saddle River, NJ.
6. Diaz, A., Solis, L. and Claes, B. (2011) 'Improving logistics and supply chain management in Spain: an analysis of current practices and future requirements', International Journal of Logistics Systems and Management, Vol. 9, No. 2, pp.150-169.
7. Fernandes, R., Gouveia, B. and Pinho, C. (2013) 'Integrated inventory valuation in multi-echelon production/distribution systems', International Journal of Production Research, Vol. 51, No. 9, pp.2578-2592.
8. Hausman, W.H. and Erkip, N.K. (1994) 'Multi-echelon vs. single-echelon inventory control policies for low-demand items', Management Science, Vol. 40, No. 5, pp.597-602.
9. He, Y. and Zhao, X. (2012) 'Coordination in multi-echelon supply chain under supply and demand uncertainty', International Journal of Production Economics, Vol. 139, No. 1, pp.106-115.
10. IBM (2012) Inventory Management with Optimization Technology, from IBM [online] http://www-01.ibm.com/software/websphere/optimization/inventory-management/ (accessed 7 September 2012).
11. Inventory Management (2012) Management Study Guide [online] http://www.managementstudyguide.com/inventory-management.htm (accessed 7 September 2012).
12. Jensen, P.A. and Bard, J.F. (2002) Operations Research Models and Methods, 1st ed., Wiley, Hoboken, NJ.
13. Klosterhalfen, S. and Minner, S. (2010) 'Safety stock optimization in distribution systems - a comparison of two competing approaches', International Journal of Logistics: Research and Applications, Vol. 13, No. 2, pp.99-120.
14. Lee, C.B. (2003) Multi-Echelon Inventory Optimization, Evant White Paper Series.
15. Lee, Y.M., Cheng, F. and Leung, Y.T. (2009) 'A quantitative view on how RFID can improve inventory management in a supply chain', International Journal of Logistics: Research and Applications, Vol. 12, No. 1, pp.23-43.
16. Nyberg, A., Grossmann, I.E. and Westerlund, T. (2013) 'An efficient reformulation of the multiechelon stochastic inventory system with uncertain demands', AIChE Journal, Vol. 59, No. 1, pp.23-28.
17. Onawumi, A.S., Oluleye, O.E. and Adebiyi, K.A. (2011) 'An economic order quantity model with shortages, price break and inflation', Int. J. Emerg. Sci., Vol. 1, No. 3, pp.465-477.
18. Rossetti, M.D. and Achlerkar, A.V. (2011) 'Evaluation of segmentation techniques for inventory management in large scale multi-item inventory systems', International Journal of Logistics Systems and Management, Vol. 8, No. 4, pp.403-424.
19. Schmitt, A.J. (2011) 'Strategies for customer service level protection under multi-echelon supply chain disruption risk', Transportation Research Part B: Methodological, Vol. 45, No. 8, pp.1266-1283.
20. Schmitt, A.J. and Singh, M. (2012) 'A quantitative analysis of disruption risk in a multi-echelon supply chain', International Journal of Production Economics, Vol. 139, No. 1, pp.22-32.
21. Shahabuddin, S. (2011) 'Supply chain management and its effect on company's performance', International Journal of Logistics Systems and Management, Vol. 8, No. 1, pp.101-117.
22. Shu, J., Li, Z. and Huang, L. (2013) 'Demand selection decisions for a multi-echelon inventory distribution system', Journal of the Operational Research Society, Vol. 64, No. 9, pp.1307-1313.
23. Slack, N., Chambers, S. and Johnston, R. (2010) Operations Management, 6th ed., Pearson College Div., Upper Saddle River, NJ.
24. Smith, J. (2012) Scalable Knowledge Interchange Broker: Design and Implementation for Semiconductor Supply Chain Systems, A thesis, Arizona State University.
25. Takahashi, K. (2011) 'Inventory control in a two-echelon dual-channel supply chain with setup of production and delivery', International Journal of Production Economics, Vol. 133, No. 1, pp.403-415.
26. Tummala, V.R. and Schoenherr, T. (2011) 'An implementation decision framework for supply chain management: a case study', International Journal of Logistics Systems and Management, Vol. 8, No. 2, pp.198-213.