IDEAS home Printed from https://ideas.repec.org/a/wly/navres/v43y1996i3p381-396.html
   My bibliography  Save this article

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

Author

Listed:
  • Jing‐Sheng Song
  • Paul H. Zipkin

Abstract

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.

Suggested Citation

  • Jing‐Sheng Song & Paul H. Zipkin, 1996. "Evaluation of base‐stock policies in multiechelon inventory systems with state‐dependent demands. Part II: State‐dependent depot policies," Naval Research Logistics (NRL), John Wiley & Sons, vol. 43(3), pages 381-396, April.
    • Handle: RePEc:wly:navres:v:43:y:1996:i:3:p:381-396
    DOI: 10.1002/(SICI)1520-6750(199604)43:33.0.CO;2-5
    as

    Download full text from publisher

    File URL: https://doi.org/10.1002/(SICI)1520-6750(199604)43:33.0.CO;2-5
    Download Restriction: no
    File URL: https://libkey.io/10.1002/(SICI)1520-6750(199604)43:33.0.CO;2-5?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Manafzadeh Dizbin, Nima & Tan, Barış, 2020. "Optimal control of production-inventory systems with correlated demand inter-arrival and processing times," International Journal of Production Economics, Elsevier, vol. 228(C).
    2. Fangruo Chen & Jing-Sheng Song, 2001. "Optimal Policies for Multiechelon Inventory Problems with Markov-Modulated Demand," Operations Research, INFORMS, vol. 49(2), pages 226-234, April.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:wly:navres:v:43:y:1996:i:3:p:381-396. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Wiley Content Delivery (email available below). General contact details of provider: https://doi.org/10.1002/(ISSN)1520-6750 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.