標題: Reducing inventory costs by order splitting in the sole sourcing environment
作者: Chiang, C
Chiang, WC
管理科學系
Department of Management Science
關鍵字: inventory;order-splitting
公開日期: 1-三月-1996
摘要: In this paper, we examine the possibility of the arrangement for multiple deliveries in each order cycle for the continuous review inventory system. The problem is mainly found in the retail sector where inventory often makes up the majority of a company's assets. Most works recently have focused on the reduction of safety stock in the multiple sourcing setting. This research, instead, considers the reduction of cycle stock in the sole sourcing environment. The formulation where a predetermined service level serves as a constraint for the objective function is employed throughout this research. We show that splitting the order into multiple deliveries can significantly reduce the inventory carrying cost especially when the interarrival times between deliveries are determined optimally.
URI: http://hdl.handle.net/11536/1405
ISSN: 0160-5682
期刊: JOURNAL OF THE OPERATIONAL RESEARCH SOCIETY
Volume: 47
Issue: 3
起始頁: 446
結束頁: 456
顯示於類別:期刊論文