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Cost evaluation of a two-echelon inventory system with lost sales and approximately normal demand

Akbari Jokar, M. R ; Sharif University of Technology | 2006

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  1. Type of Document: Article
  2. Publisher: Sharif University of Technology , 2006
  3. Abstract:
  4. The inventory system under consideration consists of one central warehouse and an arbitrary number of retailers controlled by a continuous review inventory policy (R,Q). Independent Poisson demands are assumed with constant transportation times for all retailers and a constant lead time for replenishing orders from an external supplier for the warehouse. Unsatisfied demands are assumed to be lost in the retailers and unsatisfied retailer orders are backordered in the warehouse. An approximate cost function is developed to find optimal reorder points for given batch sizes in all installations and the related accuracy is assessed through simulation. © Sharif University of Technology, January 2006
  5. Keywords:
  6. Cost evaluation ; Optimal reorder points ; Retailers ; Supplier ; Two-echelon inventory system ; Computer simulation ; Cost accounting ; Inventory control ; Optimization ; Sales ; Warehouses ; inventory ; simulation
  7. Source: Scientia Iranica ; Volume 13, Issue 1 , 2006 , Pages 105-112 ; 10263098 (ISSN)
  8. URL: http://scientiairanica.sharif.edu/article_2568.html