Supply rationing in multi-echelon divergent systems

Article Abstract:

The Balanced Stock rationing is a simple inventory control rule developed for multi-echelon distribution systems under periodic review without lot sizing. The basis for the scheme's development is the use of two parameter sets, a set for rationing fractions at the central depot aimed at reducing inventory imbalance and a set of order-up-to-level for local stockpoints aimed at achieving specific target service levels, which is then decomposed such that aims of each subset is achieved.

Operations Research, Models, Logistics, Business logistics

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The moments and central moments of a compound distribution

Article Abstract:

A method for studying compound distribution in production and inventory management is presented.

Europe, Science & research, Research, Distribution of goods, Distribution (Commerce)

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