Abstract
Multi-echelon inventory control is aimed at coordinate the inventory levels in the supply chain nodes, which can help reach the optimal operating strategy of the whole supply chain. On the basis of previous studies, this paper considers a three-echelon inventory control model with random leadtime and stochastic demand, which can be more practical. This paper discuss a three-echelon distribution inventory system with a central warehouse, wholesalers, A retailers (large and medium retailers) and B retailers (small retailers), which are all approximated by different types of distribution. The system is controlled by continuous review installation stock (R, Q) policies. The model is illustrated by numerical examples and sensitivity analysis is conducted.
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Acknowledgements
This research was supported by NSFC (Grant No.71390034) and the Fundamental Research Funds for the Central Universities (Grant No.2013 JBZ019), and funded by the Lab of Logistics Management and Technology.
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Zhao, L., Lan, H. (2015). A Multi-echelon Inventory Control Model with Random Leadtime and Stochastic Demand. In: Zhang, Z., Shen, Z., Zhang, J., Zhang, R. (eds) LISS 2014. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-662-43871-8_193
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DOI: https://doi.org/10.1007/978-3-662-43871-8_193
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