An Exact Discrete-Time Model of a Two-Echelon Inventory System with Two Customer Classes

Lars Fischer () and Michael Manitz ()
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Lars Fischer: Universität zu Köln, Seminar für Allgemeine Betriebswirtschaftslehre, Supply Chain Management und Produktion
Michael Manitz: Universität zu Köln, Seminar für Allgemeine Betriebswirtschaftslehre, Supply Chain Management und Produktion

Chapter 30 in Operations Research Proceedings 2008, 2009, pp 185-190 from Springer

Abstract: Summary In this paper, we analyze a two-echelon inventory system with one warehouse, one retailer and a priority customer class with direct supply from the warehouse. The customer demands are arbitrarily distributed. At both stockpoints, the inventory control is according to a reorder-point policy with periodic review and fixed replenishment order sizes. For such a system, we present a discrete-time Markov chain model to describe the inventory positions. With this model, the service levels for both customer classes can be computed. A simple priorization rule such that the priority customer class will be served first as well as a critical-level policy can be considered.

Date: 2009
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-642-00142-0_30

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DOI: 10.1007/978-3-642-00142-0_30

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