Stock allocation in general multi-echelon distribution systems with (R, S) order-up-to-policies

Stock allocation in general multi-echelon distribution systems with (R, S) order-up-to-policies

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Article ID: iaor1998578
Country: Netherlands
Volume: 49
Issue: 2
Start Page Number: 157
End Page Number: 174
Publication Date: Apr 1997
Journal: International Journal of Production Economics
Authors: , ,
Abstract:

In this paper we analyze stock allocation policies in general N-echelon distribution systems, where it is allowed to hold stock at all levels in the network. The goal is to achieve differentiated target customer service levels (fill rates). Various allocation rules and accompanying numerical methods that have already been developed for smaller networks are extended and compared in an extensive numerical experiment. We conclude that the extension of Balanced Stock rationing is the most accurate method, in particular in cases of relatively high imbalance. If the imbalance is not too high, the extension of Consistent Appropriate Share rationing also performs well.

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