Exact analysis of continuous review (R,Q) policies in two-echelon inventory systems with compound Poisson demand

Exact analysis of continuous review (R,Q) policies in two-echelon inventory systems with compound Poisson demand

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Article ID: iaor20021571
Country: United States
Volume: 48
Issue: 5
Start Page Number: 686
End Page Number: 696
Publication Date: Sep 2000
Journal: Operations Research
Authors:
Keywords: production
Abstract:

We consider a two-level inventory system with one central warehouse and N retailers. All installations apply different continuous review installation stock (R,Q) policies. The retailers face independent compound Poisson demand processes. Transportation times are constant. We present a method for exact evaluation of control policies that provides the complete probability distributions of the retailer inventory levels.

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