Comments on “Optimal Policies for a Multi-Echelon Inventory Problem”
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Optimal Policies for a Multi-Echelon Inventory Problem
University. One of my reasons for choosing RAND rather than a more conventional academic appointment was my desire to be involved in applied rather than abstract mathematics. I could not have selected a better location to achieve this particular goal. George Dantzig had arrived recently and was in the process of applying linear programming techniques to a growing body of basic problems. Richard...
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In many production=distribution systems, materials !ow from one stage to another in %xed lot sizes. For example, a retailer orders a full truckload from a manufacturer to qualify for a quantity discount; a factory has a material handling system that moves full containers of parts from one production stage to the next. In this paper, we derive optimal policies for multi-stage serial and assembly...
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The theory on multi-echelon production/inventory systems is a core theory within supply chain management. It provides useful insights for design of supply chains and may be used for tactical and operational planning decisions. The multi-echelon theory started with the seminal paper of Clark and Scarf in 1960. In this tutorial, we describe for which systems optimal policies are known, which key ...
متن کاملOptimal Policies for a Capacitated Two-Echelon Inventory System
This paper demonstrates optimal policies for capacitated serial multiechelon production/inventory systems. Extending the Clark and Scarf (1960) model to include installations with production capacity limits, we demonstrate that a modified echelon base-stock policy is optimal in a two-stage system when there is a smaller capacity at the downstream facility. This is shown by decomposing the dynam...
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Sloan School of Management and Operations Research Center, Massachusetts Institute of Technology, 77 Massachusetts Avenue, E40-147, Cambridge, MA 02139, USA Operations Research Center, Massachusetts Institute of Technology, 77 Massachusetts Avenue, E40-130, Cambridge, MA 02139, USA Department of Electrical Engineering and Computer Science, Massachusetts Institute of Technology, 77 Massachusetts...
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ژورنال
عنوان ژورنال: Management Science
سال: 2004
ISSN: 0025-1909,1526-5501
DOI: 10.1287/mnsc.1040.0292