Single-Echelon Systems with Independent Items

  • Sven Axsäter
Part of the International Series in Operations Research & Management Science book series (ISOR, volume 26)


In this chapter we consider a large and very important class of inventory problems, for which, in general, we can relatively easily offer satisfactory solutions that can be used in practice. This class of systems is characterized by two qualities:
  • Different items can be controlled independently.

  • The items are stocked at a single location, i.e., not in a multi-stage inventory system.


Inventory Level Safety Stock Shortage Cost Inventory Position Reorder Point 


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© Springer Science+Business Media New York 2000

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  • Sven Axsäter

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