A Stochastic Inventory Placement Model for a Multi-echelon Seasonal Product Supply Chain with Multiple Retailers∗
نویسندگان
چکیده
This paper formulates a stochastic inventory model for a single-period seasonal or fashion product inventory system consisting of multiple stocking echelons in series and retailers. By transforming model, an equivalent two-stage stochastic linear program model is developed to solve this stochastic inventory problem, which makes the inventory problem easier to analyze. The optimal placement policy of this inventory system is characterized and its existence is proved. Moreover, the algorithm for finding optimal placement policies is obtained.
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