Inventory distribution problem via stochastic programming Online publication date: Thu, 28-Aug-2014
by Takayuki Shiina; Masayuki Umeda; Jun Imaizumi; Susumu Morito; Chunhui Xu
Asian J. of Management Science and Applications (AJMSA), Vol. 1, No. 3, 2014
Abstract: Previous research on inventory distributions between local warehouses or retailers (bases) has focused separately on either of two types of stock transshipment policies: preventive lateral transshipments or emergency lateral transshipments. Each of these has its advantages and disadvantages, and combining these policies may well enable merchandisers to achieve higher service levels. Thus, the combined use of these policies is the focus of the present study. A stochastic programming problem is formulated with demand as a stochastic variable, and the policy of using both preventive and emergency lateral transshipment is examined for its effectiveness while solution methods are examined for their efficiency.
Online publication date: Thu, 28-Aug-2014
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