Lower Bounds for Multi-Echelon Stochastic Inventory Systems
نویسندگان
چکیده
منابع مشابه
Lower Bounds for Multi-echelon Stochastic Inventory Systems
e establish lower bounds on the minimum costs of managing certain productiondistribution networks with setup costs at all stages and stochastic demands. These networks include serial, assembly, and one-warehouse multi-retailer systems. We obtain the bounds through novel cost-allocation schemes. We evaluate the bounds' performance for one-warehouse multi-retailer systems by comparing them with s...
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Starting in the 1960s, a number of academic works have focused in serial and distributed multi-echelon structures and in both deterministic and stochastic environments. Clark and Scarf (1960, 1962) developed a seminal work in which they presented optimal policies for a serial multi-echelon system. Schwartz (1973) studied a deterministic model having one warehouse and N retailers and showed that...
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ژورنال
عنوان ژورنال: Management Science
سال: 1994
ISSN: 0025-1909,1526-5501
DOI: 10.1287/mnsc.40.11.1426