Exact Analysis of Continuous Review ( R,Q ) Policies in Two-Echelon Inventory Systems with Compound Poisson Demand

Sven Axsäter ()
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Sven Axsäter: Department of Industrial Engineering, Lund University, P.O. Box 118, S-221 00 Lund, Sweden

Operations Research, 2000, vol. 48, issue 5, 686-696

Abstract: We consider a two-level inventory system with one central warehouse and N retailers. All installations apply different continuous review installation stock ( R,Q ) policies. The retailers face independent compound Poisson demand processes. Transportation times are constant. We present a method for exact evaluation of control policies that provides the complete probability distributions of the retailer inventory levels.

Keywords: Inventory/production; multi-echelon: batch-ordering policies; continuous review; Inventory/production; stochastic: compound Poisson demand (search for similar items in EconPapers)
Date: 2000
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Citations: View citations in EconPapers (4)

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Persistent link: https://EconPapers.repec.org/RePEc:inm:oropre:v:48:y:2000:i:5:p:686-696

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