Inventory Management in Two-Echelon Chain with Shortage, M.Sc. Thesis Sharif University of Technology ; Haji, Alireza (Supervisor)
Abstract
The thesis has considered a two-echelon supply chain which consists of one central warehouse and multiple retailers. Assume all retailers and the warehouse follow a continuous review inventory model. The costumer’s demand comes to retailers in a Poisson process. The retailers replenish their stocks from the warehouse in an (S-1, S) inventory control policy and the warehouse replenishes its stocks in an (r, Q) inventory control policy from an external supplier with an infinite capacity. It may be more representative to model stockouts as lost sales when the retailers are in a competitive market or in monopoly markets all demand will be backorder. Therefore, if the market situation goes...
Cataloging briefInventory Management in Two-Echelon Chain with Shortage, M.Sc. Thesis Sharif University of Technology ; Haji, Alireza (Supervisor)
Abstract
The thesis has considered a two-echelon supply chain which consists of one central warehouse and multiple retailers. Assume all retailers and the warehouse follow a continuous review inventory model. The costumer’s demand comes to retailers in a Poisson process. The retailers replenish their stocks from the warehouse in an (S-1, S) inventory control policy and the warehouse replenishes its stocks in an (r, Q) inventory control policy from an external supplier with an infinite capacity. It may be more representative to model stockouts as lost sales when the retailers are in a competitive market or in monopoly markets all demand will be backorder. Therefore, if the market situation goes...
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