Continuous-Review (R, nQ) Policies for Inventory Systems with Dual Delivery Modes

Published Online:https://doi.org/10.1287/opre.2016.1538

References

  • Adelson RM (1966) Compound Poisson distributions. Oper. Res. Quart. 17(1):73–75.CrossrefGoogle Scholar
  • Alessandria G, Kaboski J, Midrigan V (2010) Inventories, lumpy trade, and large devaluations. Amer. Econom. Rev. 100(December):2304–2339.CrossrefGoogle Scholar
  • Allon G, Van Mieghem JA (2010) Global dual sourcing: Tailored base-surge allocation to near- and offshore production. Management Sci. 56(1):110–124.LinkGoogle Scholar
  • Arts J, Vuuren MV, Kiesmüller G (2011) Efficient optimization of the dual-index policy using Markov chains. IIE Trans. 43(8):604–620.CrossrefGoogle Scholar
  • Axsäter S (1996) Using the deterministic EOQ formula in stochastic inventory control. Management Sci. 42(6):830–834.LinkGoogle Scholar
  • Axsäter S (2006) Inventory Control, Second ed. (Springer, New York).Google Scholar
  • Axsäter S (2007) A heuristic for triggering emergency orders in an inventory system. Eur. J. Oper. Res. 176(2):880–891.CrossrefGoogle Scholar
  • Axsäter S (2014) An improved decision rule for emergency replenishments. Int. J. Production Econom. 157(1):313–317.CrossrefGoogle Scholar
  • Beyer D, Ward J (2000) Network server supply chain at HP: A case study. Hewlett Packard Software Technology Lab Report HPL 2000-84, Palo Alto, CA.Google Scholar
  • Bradley J (2004) A Brownian approximation of a production-inventory system with a manufacturer that subcontracts. Oper. Res. 52(5):765–784.LinkGoogle Scholar
  • Chen J, Jackson P, Muckstadt JA (2011) Exact analysis of a lost sales model under stuttering Poisson demand. Oper. Res. 59(1):249–253.LinkGoogle Scholar
  • Daniel K (1963) A delivery-lag inventory model with emergency. Scarf H, Giligord D, Sheely M, eds. Multistage Inventory Models and Techniques (Stanford University Press, Stanford, CA), 32–46.Google Scholar
  • Fukuda Y (1964) Optimal policies for the inventory problem with negotiable leadtime. Management Sci. 10(4):690–708.LinkGoogle Scholar
  • Janakiraman G, Seshadri S, Sheopuri A (2015) Analysis of tailored base-surge policies in dual sourcing inventory systems. Management Sci. 61(7):1547–1561.LinkGoogle Scholar
  • Johansen SG, Thorstenson A (1998) An inventory model with Poisson demands and emergency orders. Int. J. Production Econom. 56–57(1–3):275–289.CrossrefGoogle Scholar
  • Johansen SG, Thorstenson A (2014) Emergency orders in the periodic-review inventory system with fixed ordering costs and compound Poisson demand. Int. J. Production Econom. 157(1):147–157.CrossrefGoogle Scholar
  • Karlin S, Fabens G (1960) A stationary inventory model with Markovian demand. Arrows K, Karlin S, Suppes P, eds. Mathematical Methods in the Social Sciences (Stanford University Press, Stanford, CA), 159–175.Google Scholar
  • Kropf A, Sauré P (2014) Fixed costs per shipment. J. Internat. Econom. 92(1):166–184.CrossrefGoogle Scholar
  • Li Q, Yu P (2014) Multimodularity and its applications in three stochastic dynamic inventory problems. Manufacturing and Service Oper. Management 16(3):455–463.LinkGoogle Scholar
  • Minner S (2003) Multiple supplier inventory models in supply chain management: A review. Int. J. Production Econom. 81–82:265–279.CrossrefGoogle Scholar
  • Moinzadeh K, Nahmias S (1988) A continuous review model for an inventory system with two supply modes. Management Sci. 34(6):761–773.LinkGoogle Scholar
  • Moinzadeh K, Schmidt C (1991) An (S − 1, S) inventory system with emergency orders. Oper. Res. 39(2):308–321.LinkGoogle Scholar
  • Naddor E (1975) Optimal and heuristic decisions in single and multi-item inventory systems. Management Sci. 21(11):1234–1249.LinkGoogle Scholar
  • Rao U, Scheller-Wolf A, Tayur S (2000) Development of a rapid response supply chain at caterpillar. Oper. Res. 48(2):189–204.LinkGoogle Scholar
  • Rosenshine LW, Obee D (1976) Analysis of a standing order system with emergency orders. Oper. Res. 24(6):1143–1155.LinkGoogle Scholar
  • Scheller-Wolf A, Veeraraghavan S, van Houtum GJ (2006) Effective dual sourcing with a single index policy. Working paper, Carnegie Mellon University, Pittsburgh, PA.Google Scholar
  • Sethi S, Yan H, Zhang H (2003) Inventory models with fixed costs, multiple delivery modes and forecast updates. Oper. Res. 51(2):321–328.LinkGoogle Scholar
  • Sheopuri A, Janakiraman G, Seshadri S (2010) New policies for the stochastic inventory control problem with two supply sources. Oper. Res. 58(3):734–745.LinkGoogle Scholar
  • Simon RM (1968) The uniform distribution of inventory position for continuous review (s, Q) policies. Rand Corporation Report P3938, Santa Monica, CA.Google Scholar
  • Song J, Zipkin P (2009) Inventories with multiple supply sources and networks of queues with overflow bypasses. Management Sci. 55(3):362–372.LinkGoogle Scholar
  • Veeraraghavan S, Scheller-Wolf A (2008) Now or later: A simple policy for effective dual sourcing in capacitated systems. Oper. Res. 56(4):850–864.LinkGoogle Scholar
  • Wagner H, O’Hagan M, Lundh B (1965) An empirical study of exact and approximate optimal inventory policies. Management Sci. 11(7):690–723.LinkGoogle Scholar
  • Whittemore AS, Saunders SC (1977) Optimal inventory under stochastic demand with two supply options. SIAM J. Appl. Math. 32(2):293–305.CrossrefGoogle Scholar
  • Wolff RW (1982) Poisson arrivals see time averages. Oper. Res. 30(2):223–231.LinkGoogle Scholar
  • Zheng Y-S (1992) On properties of stochastic inventory systems. Management Sci. 38(1):87–103.LinkGoogle Scholar
  • Zheng Y-S, Chen F (1992) Inventory policies with quantized ordering. Naval Res. Logist. 39(3):285–305.CrossrefGoogle Scholar
  • Zipkin PH (2000) Foundations of Inventory Management (McGraw Hill, Boston).Google Scholar
INFORMS site uses cookies to store information on your computer. Some are essential to make our site work; Others help us improve the user experience. By using this site, you consent to the placement of these cookies. Please read our Privacy Statement to learn more.