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Foundations of Inventory Management
Paul Zipkin
- 24 Jan 2000
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TL;DR: In this article, one item with a constant demand rate and time-varying demands is described. But, the model is based on a single item with constant lead times.
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Abstract: 1 General Introduction2 Systems and Models3 One Item with a Constant Demand Rate4 Time-Varying Demands5 Several Products and Locations6 Stochastic Demand: One Item with Constant Leadtimes7 Stochastic Leadtimes: The Structure of the Supply System8 Several Items with Stochastic Demands9 Time-Varying, Stochastic Demand: Policy Optimization Bibliography Appendix A: Optimization and Convexity Appendix B: Dynamical Systems Appendix C: Probability and Stochastic Processes Appendix D: Notational Conventions
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Citations
Impact of manufacturer and retailer's market pricing power on customer satisfaction incentives in supply chains
TL;DR: In this article, the authors focus on the manufacturer's two main CS incentives for the retailer: customer satisfaction index bonus (CSI bonus) and customer satisfaction assistance (CS assistance) when both manufacturer and retailer have strong market pricing power.
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Optimal control of a capacitated inventory system with multiple demand classes
TL;DR: In this article, the optimal control of a periodic-review make-to-stock system with limited production capacity and multiple demand classes is studied, and a heuristic algorithm is proposed to approximate the optimal policy.
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Inventory control system based on control charts to improve supply chain performances
TL;DR: The proposed replenishment system, namely IR-SPC, incorporates individual control charts to control both the inventory position and the placed orders and outperforms both the smoothing order-up-to policy and the Min-Max inventory policy in terms of bullwhip effect and inventory performances.
Dynamic Cost Allocation for Economic Lot Sizing Games
TL;DR: It is shown how to compute a dynamic cost allocation in the strong sequential core of this game, i.e. an allocation over time that exactly distributes costs and is stable against coalitional defections at every period of the time horizon.
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The Base Stock/Base Backlog Control Policy for a Make-to-Stock System With Impatient Customers
TL;DR: Numerical results show that managing inventories and backlog jointly achieves higher profit than other control policies and is extended to take into account a fixed order quantity policy for replenishing raw material.
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