Continuous-Review Policies for a Multi-Echelon Inventory Problem With Stochastic Demand (Classic Reprint) - Couverture souple

Marc De Bodt

9781332256280: Continuous-Review Policies for a Multi-Echelon Inventory Problem With Stochastic Demand (Classic Reprint)

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ISBN 10 : 1332256287 ISBN 13 : 9781332256280

Editeur : Forgotten Books, 2018

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Explore practical strategies for controlling inventory across multiple stages with uncertain demand. This study presents a continuous-review approach to a multi-echelon production and inventory system, focusing on how to minimize costs under stochastic demand.

The work develops an approximate model for two stages and extends it to M stages, using a nested replenishment policy that links each stage to the next. It explains how echelon stock is defined and how joint replenishments affect overall costs. The analysis covers setup, holding, and backorder costs, and shows how reorder points and order quantities can be chosen to reduce total cost over time. Examples illustrate the behavior of the policy and how to compute key quantities.

How to model a multi-echelon system with stationary, stochastic demand

How to approximate holding costs and backorders in a coordinated replenishment setting

How reorder points and quantities are determined under a nested policy

How the analysis extends from two stages to M stages and how to apply in practice

Ideal for readers of operations research, supply chain analytics, and inventory management professionals seeking a rigorous but applied framework for multi-echelon control.

Les informations fournies dans la section � Synopsis � peuvent faire r�f�rence � une autre �dition de ce titre.

�diteur: Forgotten Books
Date d'�dition: 2018
Langue: anglais
ISBN 10: 1332256287
ISBN 13: 9781332256280
Reliure: Broch�
Nombre de pages: 57
Coordonn�es du fabricant: Copytech (UK) Ltd, Trading as Printondemand-worldwide.com
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Continuous-Review Policies for a Multi-Echelon Inventory Problem With

Marc de Bodt, Stephen C. Graves

Edit� par Forgotten Books, 2018

ISBN 10 : 1332256287 ISBN 13 : 9781332256280

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Vendeur : Forgotten Books, London, Royaume-Uni

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Paperback. Etat : New. Print on Demand. This book explores inventory control policies for multi-echelon production systems with stochastic demand. The author extends the traditional single-item, continuous review inventory model to multi-stage serial systems, providing an approximate cost model for analysis. The resulting solution involves determining a reorder point and reorder quantity, similar to the single item model. The book examines the nature of the approximation used and highlights the analogies between the multi-stage and single-stage models. The author emphasizes the importance of echelon stock in multi-stage inventory control and offers practical insights for implementing continuous review policies in complex production systems. This book is a reproduction of an important historical work, digitally reconstructed using state-of-the-art technology to preserve the original format. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in the book. print-on-demand item. N� de r�f. du vendeur 9781332256280_0

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