Coordinated Replenishments in a Multi-Item Inventory System with Compound Poisson Demands

In many practical applications or multi-item inventory systems significant economies of scale can be exploited when coordinating replenishment orders for groups of items. This paper considers a continuous review multi-item inventory system with compound Poisson demand processes; excess demands are b...

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Bibliographic Details
Published in:	Management science Vol. 30; no. 3; pp. 344 - 357
Main Authors:	Federgruen, A, Groenevelt, H, Tijms, H. C
Format:	Journal Article
Language:	English
Published:	Linthicum INFORMS 01.03.1984 Institute of Management Sciences Institute for Operations Research and the Management Sciences
Series:	Management Science
Subjects:	Algorithms Approximation Average cost Carrying costs compound Poisson demand processes coordinated replenishments Coordination Cost control Costs Decision making models Decision theory Decomposition Excess demand Heuristic Heuristics Integers Inventories Inventory control Inventory management Lead Lead compounds Measures multi-item inventory systems Order quantity Poisson process policy-iteration algorithm Random variables service level constraint
ISSN:	0025-1909, 1526-5501
Online Access:	Get full text
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