Name
Title | ||
|---|---|---|
A queuing approach for inventory planning with batch ordering in multi-echelon supply chains. |
Abstract | ||
|---|---|---|
This paper presents stylized models for conducting performance analysis of the manufacturing supply chain network (SCN) in
a stochastic setting for batch ordering. We use queueing models to capture the behavior of SCN. The analysis is clubbed with
an inventory optimization model, which can be used for designing inventory policies . In the first case, we model one manufacturer
with one warehouse, which supplies to various retailers. We determine the optimal inventory level at the warehouse that minimizes
total expected cost of carrying inventory, back order cost associated with serving orders in the backlog queue, and ordering
cost. In the second model we impose service level constraint in terms of fill rate (probability an order is filled from stock
at warehouse), assuming that customers do not balk from the system. We present several numerical examples to illustrate the
model and to illustrate its various features. In the third case, we extend the model to a three-echelon inventory model which
explicitly considers the logistics process. |
Year | DOI | Venue |
|---|---|---|
2009 | 10.1007/s10100-008-0077-8 | CEJOR |
Keywords | Field | DocType |
Order batching,Queuing systems,Inventory optimization,Multi-echelon | Balk,Economics,Warehouse,Mathematical optimization,Inventory theory,Queue,Stylized fact,Operations research,Queueing theory,Supply chain,Inventory optimization,Operations management | Journal |
Volume | Issue | ISSN |
17 | 1 | 1435-246X |
Citations | PageRank | References |
1 | 0.36 | 4 |
Authors | ||
2 | ||
Name | Order | Citations | PageRank |
|---|---|---|---|
| Sandeep Jain | 1 | 62 | 11.62 |
| N. R. Srinivasa Raghavan | 2 | 83 | 9.54 |