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Inventory Positioning in Multiple Product Supply Chains

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  • George Ioannou
  • Gregory Prastacos
  • Georgia Skintzi

Abstract

In this paper we address the problem of inventory positioning, i.e., the determination of the supply chain node where inventory should be held, to minimize holding costs given a pre-specified order fill rate. A single-echelon inventory system with multiple products models the problem. The value of inventory is assumed to be an increasing function of the amount of processing performed at upstream nodes, while achieved fill-rates are dependent on the distance or time between the inventory storage and customer locations. We propose a novel analytical approach to solve the problem for the case of normally distributed demand that is based on iterative calculations of inventory holding costs at the various potential inventory locations. Copyright Kluwer Academic Publishers 2004

Suggested Citation

  • George Ioannou & Gregory Prastacos & Georgia Skintzi, 2004. "Inventory Positioning in Multiple Product Supply Chains," Annals of Operations Research, Springer, vol. 126(1), pages 195-213, February.
    • Handle: RePEc:spr:annopr:v:126:y:2004:i:1:p:195-213:10.1023/b:anor.0000012281.60737.a1
    DOI: 10.1023/B:ANOR.0000012281.60737.a1
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    Cited by:

    1. Skintzi, Georgia & Ioannou, George & Prastacos, Gregory, 2008. "Investigating warehousing policies," International Journal of Production Economics, Elsevier, vol. 112(2), pages 955-970, April.
    2. Sujit De & Shib Sana, 2015. "Backlogging EOQ model for promotional effort and selling price sensitive demand- an intuitionistic fuzzy approach," Annals of Operations Research, Springer, vol. 233(1), pages 57-76, October.

    More about this item

    Keywords

    inventory management; supply chain design;

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