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|Title:||Impact on inventory costs with consolidation of distribution centers|
|Authors:||Teo, Chung Piaw |
|Source:||Teo, Chung Piaw,Ou, Jihong,Goh, Mark (1999). Impact on inventory costs with consolidation of distribution centers. Proceedings of the IEEE Conference on Decision and Control 1 : 480-485. ScholarBank@NUS Repository.|
|Abstract:||An attempt is made to study the impact of inventory costs when considering the consolidation strategy. Focus is on the common intuition that consolidation reduces total inventory costs due to the risk pooling effect. It is shown that when the demands are identically and independently distributed (i.i.d), consolidation is an optimal strategy for inventory costs minimization.|
|Source Title:||Proceedings of the IEEE Conference on Decision and Control|
|Appears in Collections:||Staff Publications|
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