Recursive evaluation of order-up-to-S policies for two-echelon inventory systems with compound Poisson demand

Recursive evaluation of order-up-to-S policies for two-echelon inventory systems with compound Poisson demand

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Article ID: iaor19961117
Country: United States
Volume: 43
Issue: 1
Start Page Number: 151
End Page Number: 157
Publication Date: Feb 1996
Journal: Naval Research Logistics
Authors: ,
Keywords: markov processes
Abstract:

The authors consider an inventory system with one warehouse and N retailers. All installations apply different order-up-to-S policies. Transporation times are constant and the retailers face compound Poisson demand. The authors provide a simple recursive procedure for the evaluation of holding and shortage costs for different control policies.

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