Base-stock policies;
Nonidentical lead times;
Assemble-to-order;
Stochastic program;
D O I:
10.1016/j.orl.2016.04.004
中图分类号:
C93 [管理学];
O22 [运筹学];
学科分类号:
070105 ;
12 ;
1201 ;
1202 ;
120202 ;
摘要:
We consider the use of Independent Base Stock (IBS) replenishment policies in Assemble-to-Order (ATO) inventory systems. These policies are appealingly simple and widely used, but generally suboptimal for systems with non-identical lead times. We present an IBS policy and prove that its loss of optimality is limited by the ratio of the longest lead time to the shortest one. Our results suggest that IBS policies can work well for systems where differences between lead times are dominated by their lengths. (C) 2016 Elsevier B.V. All rights reserved.
机构:
Penn State Univ, Harold & Inge Marcus Dept Ind & Mfg Engn, University Pk, PA 16802 USAPenn State Univ, Harold & Inge Marcus Dept Ind & Mfg Engn, University Pk, PA 16802 USA
Zhang, Huanan
Chao, Xiuli
论文数: 0引用数: 0
h-index: 0
机构:
Univ Michigan, Ind & Operat Engn, Ann Arbor, MI 48105 USAPenn State Univ, Harold & Inge Marcus Dept Ind & Mfg Engn, University Pk, PA 16802 USA
Chao, Xiuli
Shi, Cong
论文数: 0引用数: 0
h-index: 0
机构:
Univ Michigan, Ind & Operat Engn, Ann Arbor, MI 48105 USAPenn State Univ, Harold & Inge Marcus Dept Ind & Mfg Engn, University Pk, PA 16802 USA