Evaluation of base‐stock policies in multiechelon inventory systems with compound‐poisson demands

Paul Zipkin

Naval Research Logistics (NRL), 1991, vol. 38, issue 3, 397-412

Abstract: This article analyzes a model of a multiechelon inventory system: The exogenous demands form independent compound‐Poisson processes. Each location follows a base‐stock policy. The transit times between locations may be stochastic. Instead of assuming independent transit times, we follow an approach closer to the standard treatment of single‐location models. We develop procedures to compute steady‐state performance measures, including average backorders and average inventories. The model and the analysis generalize those of Svoronos and Zipkin, who treat the case of pure Poisson demands.

Date: 1991
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

Downloads: (external link)
https://doi.org/10.1002/1520-6750(199106)38:33.0.CO;2-3

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:wly:navres:v:38:y:1991:i:3:p:397-412

Access Statistics for this article

More articles in Naval Research Logistics (NRL) from John Wiley & Sons
Bibliographic data for series maintained by Wiley Content Delivery ().