Echelon stock based continuous review (R,Q) policy for fast moving items

Subrata Mitra and A. K. Chatterjee

Omega, 2004, vol. 32, issue 2, 161-166

Abstract: The superior performance of echelon stock based policies for multi-stage serial and assembly inventory systems has been well established in literature. De Bodt and Graves [1] were the first to develop an echelon stock based continuous review (R,Q) model for a two-stage serial system. In this paper, we examine their model for fast moving items from the implementation point of view, and suggest a modification that not only takes care of implementation but also leads to improvement of the model under certain conditions. The results are demonstrated with the help of a numerical example.

Keywords: Echelon; stock; Installation; stock; Continuous; review; Nested; policy; Multi-echelon; inventory (search for similar items in EconPapers)
Date: 2004
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Citations: View citations in EconPapers (6)

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