Multi-Location Inventory Model Considering Bidirectional and Unidirectional Transshipments Simultaneously

Abstract:

Abstract. A cross-regional multi-site inventory system with independent Poisson demand and continuous review (S-1,S) policy, in which there is bidirectional transshipment between the locations at the same area, and unidirectional transshipment between the locations at the different area. According to the M/G/S/S queue theory, birth and death process model and approximate calculation policy, we established inventory models respectively for the loss sales case and backorder case, and designed corresponding procedures to solve them. Finally, we verify the effectiveness of proposed models and methods by means of a lot of contrast experiments.

• Periodical: Advanced Materials Research (Volumes 694-697)
• Pages: 2742-2745
• DOI: https://doi.org/10.4028/www.scientific.net/AMR.694-697.2742
• Online since: May 2013
• Authors: Jin Hong Zhong, Yun Zhou
• Keywords: Lateral Transshipments, Multi-Location Inventory System, Stochastic Demand

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