Can-order policies for coordinated inventory replenishment with Erlang distributed times between ordering

Article Abstract:

A study was conducted to analyze a continuous review inventory framework supporting Poisson demand. Lead items were assumed to be item-dependent positive constants while holding costs are charged for items in stock. A decomposition algorithm was developed to determine policy parameters for each item. Results showed that the algorithm did not always converge. Findings also showed that policies determined by the algorithm were not necessarily the best in the system.

Usage, Algorithms, Stochastic processes, Poisson processes

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A dynamic joint replenishment policy with auto-correlated demand

Article Abstract:

Experimental results on the efficiency of dynamic periodic review policy over modified periodic policy in controlling inventory costs for distribution systems are presented.

Singapore, Analysis

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Flow distance reduction for a multi-product flowline with sets of identical machines

Article Abstract:

Key features of a two stage approach which is used to solve machine location problem in multi-product flowline is analyzed.

United States, Organizational history, Machinery, Location, Magneto-electric machines

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