Technical note: Worst-case performance of power-of-two policies for serial inventory systems with incremental quantity discounts
نویسندگان
چکیده
منابع مشابه
Power-of-two policies for single-warehouse multi-retailer inventory systems with order frequency discounts
– All-unit order frequency discount • 94%-effective policy for a variable base period – Incremental order frequency discount • 94%-effective policy for a fixed base period • 98%-effective policy for a variable base period Introduction • A supply chain is a network of facilities that procure raw materials, transform them into intermediate goods and then final products, and deliver the products t...
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15 صفحه اولModified Echelon (r, Q) Policies with Guaranteed Performance Bounds for Stochastic Serial Inventory Systems
We consider the classic continuous-review N stage serial inventory system with a homogeneous Poisson demand arrival process at the most downstream stage (Stage 1). Any shipment to each stage, regardless of its size, incurs a positive fixed setup cost and takes a positive constant lead time. The optimal policy for this system under the long-run average cost criterion is unknown. Finding a good w...
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Many earlier studies dealing with the two-warehouse inventory model assumed that the direct cost of the product was irrelevant and that production processes are perfect and stationary. However, in the real world, the purchase cost is some function of the quantity purchased and the production processes may deteriorate and thus defective items will occur. This paper, therefore, aims at developing...
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ژورنال
عنوان ژورنال: Naval Research Logistics
سال: 2007
ISSN: 0894-069X,1520-6750
DOI: 10.1002/nav.20220