Please use this identifier to cite or link to this item: https://doi.org/10.1016/j.ijpe.2011.03.030
DC FieldValue
dc.titleNear-optimal (r,Q) policies for a two-stage serial inventory system with Poisson demand
dc.contributor.authorYang, L.
dc.contributor.authorYang, J.
dc.contributor.authorYu, G.
dc.contributor.authorZhang, H.
dc.date.accessioned2013-10-09T03:25:51Z
dc.date.available2013-10-09T03:25:51Z
dc.date.issued2011
dc.identifier.citationYang, L., Yang, J., Yu, G., Zhang, H. (2011). Near-optimal (r,Q) policies for a two-stage serial inventory system with Poisson demand. International Journal of Production Economics 133 (2) : 728-735. ScholarBank@NUS Repository. https://doi.org/10.1016/j.ijpe.2011.03.030
dc.identifier.issn09255273
dc.identifier.urihttp://scholarbank.nus.edu.sg/handle/10635/44061
dc.description.abstractWe consider a two-stage serial inventory system whose cost structure exhibits economies of scale in both stages. In the system, stage 1 faces Poisson demand and replenishes its inventory from stage 2, and the latter stage in turn orders from an outside supplier with unlimited stock. Each shipment, either to stage 2 or to stage 1, incurs a fixed setup cost. We derive important properties for a given echelon-stock (r, Q) policy for an approximation of the problem where all states are continuous. Based on these properties, we design a simple heuristic algorithm that can be used to find a near-optimal (r, Q) policy for the original problem. Numerical examples are given to demonstrate the effectiveness of the algorithm. © 2011 Elsevier B.V. All right reserved.
dc.description.urihttp://libproxy1.nus.edu.sg/login?url=http://dx.doi.org/10.1016/j.ijpe.2011.03.030
dc.sourceScopus
dc.subject(r,Q) policy
dc.subjectAlgorithm
dc.subjectMulti-echelon inventory
dc.subjectStochastic demand
dc.typeArticle
dc.contributor.departmentDECISION SCIENCES
dc.description.doi10.1016/j.ijpe.2011.03.030
dc.description.sourcetitleInternational Journal of Production Economics
dc.description.volume133
dc.description.issue2
dc.description.page728-735
dc.description.codenIJPCE
dc.identifier.isiut000294885600025
Appears in Collections:Staff Publications

Show simple item record
Files in This Item:
There are no files associated with this item.

SCOPUSTM   
Citations

9
checked on Jan 10, 2022

WEB OF SCIENCETM
Citations

6
checked on Jan 10, 2022

Page view(s)

148
checked on Jan 13, 2022

Google ScholarTM

Check

Altmetric


Items in DSpace are protected by copyright, with all rights reserved, unless otherwise indicated.