Get 20M+ Full-Text Papers For Less Than $1.50/day. Start a 7-Day Trial for You or Your Team.

Learn More →

A two‐echelon inventory model with purchases, dispositions, shipments, returns and transshipments

A two‐echelon inventory model with purchases, dispositions, shipments, returns and transshipments This paper presents a one‐period two‐echelon inventory model with one warehouse in the first echelon and n warehouses in the second echelon. At the beginning of the period the stock levels at all facilities are adjusted by purchasing or disposing of items at the first echelon, returning or shipping items between the echelons and transshipping items within the second echelon. During the period, demands (which may be negative) are placed on all warehouses in the second echelon and an attempt is made to satisfy shortages either by an expedited shipment from the first echelon to the second echelon or an expedited transshipment within the second echelon. The decision problem is to choose an initial stock level at the first echelon (by a purchase or a disposition) and an initial allocation so as to minimize the initial stock movement costs during the period plus inventory carrying costs and system shortage costs at the end of the period. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Naval Research Logistics: An International Journal Wiley

A two‐echelon inventory model with purchases, dispositions, shipments, returns and transshipments

Download PDF
19 pages

Loading next page...
 
/lp/wiley/a-two-echelon-inventory-model-with-purchases-dispositions-shipments-RmZVHOYsCz

References (13)

Publisher
Wiley
Copyright
Copyright © 1977 Wiley Subscription Services, Inc., A Wiley Company
ISSN
0894-069X
eISSN
1520-6750
DOI
10.1002/nav.3800240102
Publisher site
See Article on Publisher Site

Abstract

This paper presents a one‐period two‐echelon inventory model with one warehouse in the first echelon and n warehouses in the second echelon. At the beginning of the period the stock levels at all facilities are adjusted by purchasing or disposing of items at the first echelon, returning or shipping items between the echelons and transshipping items within the second echelon. During the period, demands (which may be negative) are placed on all warehouses in the second echelon and an attempt is made to satisfy shortages either by an expedited shipment from the first echelon to the second echelon or an expedited transshipment within the second echelon. The decision problem is to choose an initial stock level at the first echelon (by a purchase or a disposition) and an initial allocation so as to minimize the initial stock movement costs during the period plus inventory carrying costs and system shortage costs at the end of the period.

Journal

Naval Research Logistics: An International Journal – Wiley

Published: Mar 1, 1977

There are no references for this article.