Inventory models with lateral transshipments: A review

A Semi-Markov decision problem for proactive and reactive transshipments between multiple warehouses

Lateral transshipments are an effective strategy to pool inventories. We present an exact Semi-Markov decision problem formulation for proactive and reactive transshipments in a multi-location continuous review distribution inventory system with Poisson demand and exponential replenishment lead times. In a numerical study, we investigate the benefits of proactive over different reactive transsh...

With Parallel Evolution towards the Optimal Order Policy of a Multi-Location Inventory with Lateral Transshipments

The problem to find an optimal control for a multi-location inventory model with lateral transshipments in general can not be solved in an analytical way. The main reason for having only a few results on multi-location models with lateral transshipments is the fact that the solution of such models is connected with a lot of analytical and numerical problems. In the case of non-linear cost funct...

State dependent spare part management policy for airport maintenance

In this study we use a flexible policy of spare part management in the context of airports corrective maintenance activities and provide a new approach for mathematically evaluate the performances of systems with lateral transshipments in case of one-for-one ordering policies, transfer times and peaked demand. This study deals with the spare optimization of a large logistics company, in charge ...

Evolutionary Optimization of a Multi-location Inventory Model with Lateral Transshipments

Multi-item spare parts systems with lateral transshipments and waiting time constraints

This paper deals with the analysis of a multi-item, continuous review model of two-location inventory systems for repairable spare parts in which lateral and emergency shipments occur in response to stockouts. A continuous review basestock policy is assumed for the inventory control of the spare parts. The objective is to minimize the total costs for inventory holding, lateral transshipments an...