Joint Optimization of Reorder Points in n-Level Distribution Networks Using (R, Q)-Order Policies

Christopher Grob (), Andreas Bley and Konrad Schade
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Christopher Grob: Volkswagen AG
Andreas Bley: Universität Kassel
Konrad Schade: Volkswagen AG

A chapter in Operations Research Proceedings 2017, 2018, pp 657-662 from Springer

Abstract: Abstract We present an algorithm to minimize the investment in stock in a n-level inventory distribution network using a (R,Q)-order policy with stochastic demands and wait times. Our research is motivated by the inventory planning for a worldwide spare parts supply chain of a big automotive company. The algorithm is fast enough to be used in real world applications. It is, to our knowledge, the first one to determine reorder points for inventory distribution systems using complex wait time approximations.

Keywords: Supply chain management; Logistics (search for similar items in EconPapers)
Date: 2018
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Persistent link: https://EconPapers.repec.org/RePEc:spr:oprchp:978-3-319-89920-6_87

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DOI: 10.1007/978-3-319-89920-6_87

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