Lateral Stock Transshipments in a Two-Location Inventory System with Fixed and Joint Replenishment Costs

Yale T. Herer; Ayelet Rashit

doi:10.1002/(SICI)1520-6750(199908)46:5<525::AID-NAV5>3.0.CO;2-E

Lateral Stock Transshipments in a Two-Location Inventory System with Fixed and Joint Replenishment Costs

Research output: Contribution to journal › Article › peer-review

Abstract

We address the problem of inventory management in a two-location inventory system, in which the transshipments are carried out as means of emergency or alternative supply after demand has been realized. This model differs from previous ones as regards its replenishment costs structure, in which nonnegligible fixed replenishment costs and a joint replenishment cost are considered. The single period planning horizon is analyzed, with the form and several properties of the optimal replenishment and transshipment policies developed, discussed and illustrated.

Original language	English
Pages (from-to)	525-547
Number of pages	23
Journal	Naval Research Logistics
Volume	46
Issue number	5
DOIs	https://doi.org/10.1002/(SICI)1520-6750(199908)46:5<525::AID-NAV5>3.0.CO;2-E
State	Published - Aug 1999
Externally published	Yes

Keywords

Inventory
Multilocation inventory systems
Substitutions
Supply chain management
Transshipments

ASJC Scopus subject areas

Modeling and Simulation
Ocean Engineering
Management Science and Operations Research

Access to Document

10.1002/(SICI)1520-6750(199908)46:5<525::AID-NAV5>3.0.CO;2-E

Cite this

@article{a03958cfdb654629962f815fc0f22ccd,

title = "Lateral Stock Transshipments in a Two-Location Inventory System with Fixed and Joint Replenishment Costs",

abstract = "We address the problem of inventory management in a two-location inventory system, in which the transshipments are carried out as means of emergency or alternative supply after demand has been realized. This model differs from previous ones as regards its replenishment costs structure, in which nonnegligible fixed replenishment costs and a joint replenishment cost are considered. The single period planning horizon is analyzed, with the form and several properties of the optimal replenishment and transshipment policies developed, discussed and illustrated.",

keywords = "Inventory, Multilocation inventory systems, Substitutions, Supply chain management, Transshipments",

author = "Herer, {Yale T.} and Ayelet Rashit",

year = "1999",

month = aug,

doi = "10.1002/(SICI)1520-6750(199908)46:5<525::AID-NAV5>3.0.CO;2-E",

language = "אנגלית",

volume = "46",

pages = "525--547",

number = "5",

}

TY - JOUR

T1 - Lateral Stock Transshipments in a Two-Location Inventory System with Fixed and Joint Replenishment Costs

AU - Herer, Yale T.

AU - Rashit, Ayelet

PY - 1999/8

Y1 - 1999/8

N2 - We address the problem of inventory management in a two-location inventory system, in which the transshipments are carried out as means of emergency or alternative supply after demand has been realized. This model differs from previous ones as regards its replenishment costs structure, in which nonnegligible fixed replenishment costs and a joint replenishment cost are considered. The single period planning horizon is analyzed, with the form and several properties of the optimal replenishment and transshipment policies developed, discussed and illustrated.

AB - We address the problem of inventory management in a two-location inventory system, in which the transshipments are carried out as means of emergency or alternative supply after demand has been realized. This model differs from previous ones as regards its replenishment costs structure, in which nonnegligible fixed replenishment costs and a joint replenishment cost are considered. The single period planning horizon is analyzed, with the form and several properties of the optimal replenishment and transshipment policies developed, discussed and illustrated.

KW - Inventory

KW - Multilocation inventory systems

KW - Substitutions

KW - Supply chain management

KW - Transshipments

UR - http://www.scopus.com/inward/record.url?scp=0000272128&partnerID=8YFLogxK

U2 - 10.1002/(SICI)1520-6750(199908)46:5<525::AID-NAV5>3.0.CO;2-E

DO - 10.1002/(SICI)1520-6750(199908)46:5<525::AID-NAV5>3.0.CO;2-E

M3 - ???researchoutput.researchoutputtypes.contributiontojournal.article???

AN - SCOPUS:0000272128

SN - 0894-069X

VL - 46

SP - 525

EP - 547

JO - Naval Research Logistics

JF - Naval Research Logistics

IS - 5

ER -

Lateral Stock Transshipments in a Two-Location Inventory System with Fixed and Joint Replenishment Costs

Abstract

Keywords

ASJC Scopus subject areas

Access to Document

Other files and links

Fingerprint

Cite this