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Evaluation of base-stock policies in multiechelon inventory systems with state-dependent demands. Part II: State-dependent depot policies

Publication ,  Journal Article
Song, JS; Zipkin, PH
Published in: Naval Research Logistics
January 1, 1996

We consider a two-echelon inventory system where the exogenous demands occur only at the retailer locations, and the demand rates are functions of an underlying continuous-time Markov chain. This underlying process may represent, for example, general economic conditions, the number of active users in the system, et cetera. Each retailer location follows a base-stock policy that is independent of the process. However, the warehouse (central depot) follows a state-dependent base-stock policy. We develop a procedure to compute the exact steady-state customer-delay distribution for both the warehouse and the retailer locations. © 1996 John Wiley & Sons, Inc.

Duke Scholars

Published In

Naval Research Logistics

DOI

ISSN

0894-069X

Publication Date

January 1, 1996

Volume

43

Issue

3

Start / End Page

381 / 396

Related Subject Headings

  • Logistics & Transportation
  • 4901 Applied mathematics
  • 3509 Transportation, logistics and supply chains
  • 1503 Business and Management
  • 0103 Numerical and Computational Mathematics
  • 0102 Applied Mathematics
 

Citation

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Song, J. S., & Zipkin, P. H. (1996). Evaluation of base-stock policies in multiechelon inventory systems with state-dependent demands. Part II: State-dependent depot policies. Naval Research Logistics, 43(3), 381–396. https://doi.org/10.1002/(SICI)1520-6750(199604)43:3<381::AID-NAV5>3.0.CO;2-5
Song, J. S., and P. H. Zipkin. “Evaluation of base-stock policies in multiechelon inventory systems with state-dependent demands. Part II: State-dependent depot policies.” Naval Research Logistics 43, no. 3 (January 1, 1996): 381–96. https://doi.org/10.1002/(SICI)1520-6750(199604)43:3<381::AID-NAV5>3.0.CO;2-5.
Song, J. S., and P. H. Zipkin. “Evaluation of base-stock policies in multiechelon inventory systems with state-dependent demands. Part II: State-dependent depot policies.” Naval Research Logistics, vol. 43, no. 3, Jan. 1996, pp. 381–96. Scopus, doi:10.1002/(SICI)1520-6750(199604)43:3<381::AID-NAV5>3.0.CO;2-5.
Journal cover image

Published In

Naval Research Logistics

DOI

ISSN

0894-069X

Publication Date

January 1, 1996

Volume

43

Issue

3

Start / End Page

381 / 396

Related Subject Headings

  • Logistics & Transportation
  • 4901 Applied mathematics
  • 3509 Transportation, logistics and supply chains
  • 1503 Business and Management
  • 0103 Numerical and Computational Mathematics
  • 0102 Applied Mathematics