標題: A periodic review replenishment model with a refined delivery scenario
作者: Chiang, Chi
管理科學系
Department of Management Science
關鍵字: Inventory;Periodic review;Stochastic model
公開日期: 1-Mar-2009
摘要: This paper considers a single-item replenishment problem where every n periods the buyer plans for the quantity delivered for each upcoming period. Assuming that demand not filled immediately is backlogged, we suggest that the quantity delivered in the immediately upcoming period be of any size and the quantity delivered in each of the subsequent (n-1) periods be equal to or smaller than a fixed quantity Q. We derive the average cost per n periods and compute the optimal order-up-to level for the proposed replenishment policy. Next, assuming a fixed cost for reviewing inventory and planning deliveries, we obtain the optimal n by minimizing the expected cost per period. Finally, the optimal Q can also be determined. The proposed periodic review policy is easy to implement. (C) 2008 Elsevier B.V. All rights reserved.
URI: http://dx.doi.org/10.1016/j.ijpe.2008.08.022
http://hdl.handle.net/11536/7578
ISSN: 0925-5273
DOI: 10.1016/j.ijpe.2008.08.022
期刊: INTERNATIONAL JOURNAL OF PRODUCTION ECONOMICS
Volume: 118
Issue: 1
起始頁: 253
結束頁: 259
Appears in Collections:Conferences Paper


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