A Two-echelon Model for Inventory and Returns

Allen H. Tai () and Wai-Ki Ching ()
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Allen H. Tai: The University of Hong Kong
Wai-Ki Ching: The University of Hong Kong

A chapter in Operations Research Proceedings 2005, 2006, pp 131-136 from Springer

Abstract: Summary We consider an Markovian model for a two-echelon inventory/return system. The system consists of a supply plant with infinite capacity and a central warehouse for inventory and returns. There is also a number of local warehouses which are also able to re-manufacture products. To obtain a high service level of handling inventory and returns, lateral transshipment of demands is allowed among the local warehouses.

Keywords: Inventory Model; Local Warehouse; High Service Level; Markov Modulate Poisson Process; Central Warehouse (search for similar items in EconPapers)
Date: 2006
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Persistent link: https://EconPapers.repec.org/RePEc:spr:oprchp:978-3-540-32539-0_21

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DOI: 10.1007/3-540-32539-5_21

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