Evaluation of base‐stock policies in multiechelon inventory systems with state‐dependent demands. Part II: State‐dependent depot policies

Jing‐Sheng Song and Paul H. Zipkin

Naval Research Logistics (NRL), 1996, vol. 43, issue 3, 381-396

Abstract: We consider a two‐echelon inventory system where the exogenous demands occur only at the retailer locations, and the demand rates are functions of an underlying continuous‐time Markov chain. This underlying process may represent, for example, general economic conditions, the number of active users in the system, et cetera. Each retailer location follows a base‐stock policy that is independent of the process. However, the warehouse (central depot) follows a state‐dependent base‐stock policy. We develop a procedure to compute the exact steady‐state customer‐delay distribution for both the warehouse and the retailer locations. © 1996 John Wiley & Sons, Inc.

Date: 1996
References: Add references at CitEc
Citations: View citations in EconPapers (2)

Downloads: (external link)
https://doi.org/10.1002/(SICI)1520-6750(199604)43:33.0.CO;2-5

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:43:y:1996:i:3:p:381-396

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 ().