Multi-location Inventory Models for Retail Supply Chain Management

Narendra Agrawal () and Stephen A. Smith
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Narendra Agrawal: Santa Clara University
Stephen A. Smith: Santa Clara University

Chapter Chapter 12 in Retail Supply Chain Management, 2015, pp 319-347 from Springer

Abstract: Abstract In this chapter, we provide a review of recent research on multi-location inventory systems that is related to retail supply chain management. Our review is restricted in scope in a number of ways. First, the focus is on papers that model multi-level inventory systems, since virtually all retail supply chains are multi-level. Second, attention is restricted to papers after 1993, and the reader is referred to the reviews in other papers for articles prior to 1993. Third, certain model formulations that are not typical of retail inventory management are excluded, such as serial systems, since they are not representative of typical retail chains, and are a special case of general multi-location multi-echelon systems. Also excluded are papers that assume deterministic demand, since demand uncertainty is a key aspect of most retail systems. Finally, the primary focus is on periodic review systems. We conclude with suggestions for future research in this area.

Keywords: Multi-location inventory models; Periodic review inventory models; Continuous review inventory models; Demand distributions; Lost sales; Inventory pooling; Demand information sharing (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:spr:isochp:978-1-4899-7562-1_12

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DOI: 10.1007/978-1-4899-7562-1_12

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