A normal approximation model for safety stock optimization in a two-echelon distribution system

This paper presents an approximation model for the retailer replenishment lead-times in a two-echelon distribution system, and discusses its implementation for safety stock optimization in a one-warehouse and N-identical retailers system. The model assumes normality of demand and nominal lead times....

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Veröffentlicht in:	The Journal of the Operational Research Society 2010-01, Vol.61 (1), p.156-163
Hauptverfasser:	Desmet, B, Aghezzaf, E-H, Vanmaele, H
Format:	Artikel
Sprache:	eng
Schlagworte:	Applied sciences Approximation Business and Management decision support systems Decision theory. Utility theory Exact sciences and technology Expected values Gaussian distributions Inventory Inventory control Inventory management Management Mathematical moments Modeling Operational research and scientific management Operational research. Management science Operations research Operations Research/Decision Theory Optimization Order quantity Portfolio theory Queuing theory Retail stores Safety stock safety stocks Studies Supply chain management Supply chains Theoretical Paper Theoretical Papers two-echelon distribution Warehouses
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