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Heuristic Coordination of Decentralized Inventory Systems Using Induced Backorder Costs
Lund University. (Supply Chain Studies)ORCID iD: 0000-0001-6945-608X
Lund University.
2006 (English)In: Production and operations management, ISSN 1059-1478, E-ISSN 1937-5956, Vol. 15, no 2, p. 294-311Article in journal (Refereed) Published
Abstract [en]

In this paper, we investigate a one-warehouse multiple-retailer system, where the inventory control decisions are coordinated using a near optimal induced backorder cost, β*. All installations use continuous review installation-stock (R, Q) policies. The analysis builds on an approximation model where the stochastic warehouse delays are replaced by their correct averages. The contributions include insights as to how β* is influenced by system parameters, and the determination of simple closed form β* estimates. The latter offering a practical means to achieve coordinated control of large size systems.

Place, publisher, year, edition, pages
Production and Operations Management Society, Baltimore, Md. , 2006. Vol. 15, no 2, p. 294-311
Keywords [en]
inventory, supply chain, coordination, decentralized, stochastic
National Category
Other Mechanical Engineering Business Administration
Research subject
Economy, Logistics
Identifiers
URN: urn:nbn:se:vxu:diva-4401DOI: 10.1111/j.1937-5956.2006.tb00246.xOAI: oai:DiVA.org:vxu-4401DiVA, id: diva2:204359
Available from: 2007-03-29 Created: 2007-03-29 Last updated: 2021-04-16Bibliographically approved

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Berling, Peter

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CiteExportLink to record
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Citation style
  • apa
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • Other style
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  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
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Output format
  • html
  • text
  • asciidoc
  • rtf