نتایج جستجو برای: Base stock policy

تعداد نتایج: 594896  

After the recent financial crisis, especially the financial crisis 2008, This raises the important question of what is the role of monetary policy in occurrence and  prevention of the financial  instability? so, this paper investigate the dynamics impact of monetary policy on the stock market returns and instability using Structural Vector Autoregression (SVARs) model During the period  1992:q2...

Journal: :Applied Mathematical Modelling 2013

2009
Stephen C. Graves

We generalize the guaranteed-service (GS) model for multi-echelon safety stock placement to include capacity constraints. We first develop an extension of the single-stage base-stock model to include a capacity constraint. We then use this result to model a multi-stage system with a base-stock operating policy. We establish that we can adapt the existing algorithms for the unconstrained case to...

2017
Marco Bijvank Woonghee Tim Huh Ganesh Janakiraman

We study the optimal policy for a serial inventory system under periodic review when excess demand at the retailer (i.e., the most downstream stage) is lost. We focus on “high service level environments” (i.e., systems where the cost of a lost sale is high compared to inventory holding costs). These environments are typical of products whose margins are high relative to their holding costs. Whe...

2004
Qi Feng Guillermo Gallego Suresh P. Sethi Houmin Yan Hanqin Zhang

We present a periodic review inventory model with multiple delivery modes and demand forecast updates. We generalize the notion of the base-stock policy for inventory system with multiple delivery modes. While base-stock policies are optimal for one or two consecutive delivery modes, it is not so otherwise. For multiple consecutive delivery modes, we show that only the fastest two modes have op...

2017
A. G. Karaarslan G. P. Kiesmüller A. G. de Kok

We consider a single item assembled from two components. One of the components has a long leadtime, high holding cost and short review period as compared to the other one. We assume that net stocks are reviewed periodically, customer demand is stochastic and unsatisfied demand is back ordered. We analyze the system under two different policies and show how to determine the policy parameters min...

Journal: :Operations Research 2005
Gregory A. DeCroix Jing-Sheng Song Paul H. Zipkin

This paper analyzes a series inventory system with stationary costs and stochastic demand over an infinite horizon. A distinctive feature is that demand can be negative, representing returns from customers, as well as zero or positive. We observe that, as in a system with nonnegative demand, a stationary echelon base-stock policy is optimal here. However, the steadystate behavior of the system ...

2010
Syed Zia Abbas Rizvi David E. Hardt

The project work presented in this thesis has proposed solutions related to the control of production and work-in-process inventory in a multi-item multi-stage manufacturing system. A suitable base-stock inventory control policy is recommended to ensure that the desired service levels are maintained between production stages and for the final customers. Concept of coupling the production lines ...

Journal: :Rel. Eng. & Sys. Safety 2017
X. Lin R. J. I. Basten A. A. Kranenburg G. J. van Houtum

We consider a spare parts stock point that serves an installed base of machines. Each machine contains the same critical component, whose degradation behavior is described by a Markov process. We consider condition based spare parts supply, and show that an optimal, condition based inventory policy is 20% more efficient on average than a standard, state-independent base stock policy. We further...

2017
Samuel Vercraene Jean-Philippe Gayon Zied Jemai S. VERCRAENE

We consider a two-stage production-inventory system with demand at the downstream stage and returns at each stage. We characterize the structure of the optimal policy which is a complex state-dependent Base-stock policy. We also investigate four classes of policies : Fixed buffer, Base-stock echelon, Kanban and Half-optimal. We compare the performances of these policies and exhibit that the max...

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