SC&L Seminar Series :: Stochastic Joint Replenishment Problem in a Two Echelon Inventory System: Analysis and Insights

Event Details
  • Date/Time:
    • Thursday March 2, 2006 - Wednesday March 1, 2006
      10:00 am - 11:00 pm
  • Location: Executive Classroom (Room 228, ISyE Main Building)
  • Phone:
  • URL:
  • Email:
  • Fee(s):
    N/A
  • Extras:
Contact
Barbara Christopher
Industrial and Systems Engineering
Contact Barbara Christopher
404.385.3102
Summaries

Summary Sentence: SC&L Seminar Series :: Stochastic Joint Replenishment Problem in a Two Echelon Inventory System: Analysis and Insights

Full Summary: SC&L Seminar Series :: Stochastic Joint Replenishment Problem in a Two Echelon Inventory System: Analysis and Insights

In this study, we examine replenishment coordination strategies for multiple location inventory systems. In particular, we study a stochastic joint replenishment policy class for a two-echelon divergent inventory system. Starting with the single location model which represents a two-echelon supply chain for a single item with multiple locations, where the upper echelon employs cross docking, we extend our model to incorporate multi-location settings where the upper echelon also holds inventory. Our modeling methodology based on the development of the ordering process by the lower echelon provides an analytical tool to investigate various joint replenishment policies. An extensive numerical study is conducted to determine the performance of the system and identify regions of dominance across policies. Our findings have implications for design and management of supply chains.

Pizza lunch sponsored by The Logistics Institute.

Additional Information

In Campus Calendar
No
Groups

H. Milton Stewart School of Industrial and Systems Engineering (ISYE)

Invited Audience
No audiences were selected.
Categories
Seminar/Lecture/Colloquium
Keywords
No keywords were submitted.
Status
  • Created By: Barbara Christopher
  • Workflow Status: Published
  • Created On: Oct 8, 2010 - 7:36am
  • Last Updated: Oct 7, 2016 - 9:52pm