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MULTIECHELON VS SINGLE-ECHELON INVENTORY CONTROL POLICIES FOR LOW-DEMAND ITEMS
Date
1994-05-01
Author
HAUSMAN, WH
ERKIP, NK
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Multi-echelon inventory systems are often controlled as a network of single-echelon inventory systems for simplicity of managerial authority, organizational control, and performance monitoring. This paper explores the amount of suboptimization in such a situation, using an actual demand data set provided by other researchers. We consider low-demand, high-cost items controlled on an (S - 1, S) basis, with all warehouse stockouts met on an emergency-ordering basis. We demonstrate that the suboptimality penalty for this data set is 3% to 5% when single-echelon systems are appropriately parameterized.
Subject Keywords
Management Science and Operations Research
,
Strategy and Management
URI
https://hdl.handle.net/11511/64444
Journal
MANAGEMENT SCIENCE
DOI
https://doi.org/10.1287/mnsc.40.5.597
Collections
Department of Industrial Engineering, Article
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W. HAUSMAN and N. ERKIP, “MULTIECHELON VS SINGLE-ECHELON INVENTORY CONTROL POLICIES FOR LOW-DEMAND ITEMS,”
MANAGEMENT SCIENCE
, pp. 597–602, 1994, Accessed: 00, 2020. [Online]. Available: https://hdl.handle.net/11511/64444.