Lateral stock transshipments in a two-location inventory system with fixed and joint replenishment costs

Lateral stock transshipments in a two-location inventory system with fixed and joint replenishment costs

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Article ID: iaor20001961
Country: United States
Volume: 46
Issue: 5
Start Page Number: 525
End Page Number: 547
Publication Date: Aug 1999
Journal: Naval Research Logistics
Authors: ,
Abstract:

We address the problem of inventory management in a two-location inventory system, in which the transshipments are carried out as means of emergency or alternative supply after demand has been realized. This model differs from previous ones as regards its replenishment costs structure, in which nonnegligible fixed replenishment costs and a joint replenishment cost are considered. The single period planning horizon is analyzed, with the form and several properties of the optimal replenishment and transshipment policies developed, discussed and illustrated.

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