An inventory allocation algorithm in a periodic stock control system where demand type visibility is not available

Burak Kandemir

International Journal of Applied Management Science, 2020, vol. 12, issue 2, 142-150

Abstract: We propose an algorithm for inventory allocation of common products among multiple customers in a make-to-forecast manufacturing system, which uses periodic stock review. The method takes backlogs, unfulfilled forecasts (that cannot be shipped until the end of the period), and planned safety stocks into account and has a series of steps, sequence of which are interchangeable. The algorithm is then applied to the manufacturing system summarised above and further analysis and statistical test show that it outperforms the system where only the demand type is considered and allocation efficiency increases.

Keywords: inventory allocation; backlog management; demand fulfilment; supply chain planning. (search for similar items in EconPapers)
Date: 2020
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.inderscience.com/link.php?id=106732 (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ids:injams:v:12:y:2020:i:2:p:142-150

Access Statistics for this article

More articles in International Journal of Applied Management Science from Inderscience Enterprises Ltd
Bibliographic data for series maintained by Sarah Parker ().