An overview of inventory systems with several demand classes
AbstractIn this chapter we discuss inventory systems whereseveral demand classes may be distinguished. In particular, we focus on single-location inventory systems and we analyse the use of a so-called critical level policy. With this policy some inventory is reserved for high-priority demand. A number of practical examples whereseveral demand classes naturally arise are presented, and the implications and modelling of the critical level policy in distribution systems are discussed. Finally, an overview of theliterature on inventory systems with several demand classes is given.
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Bibliographic InfoPaper provided by Erasmus University Rotterdam, Econometric Institute in its series Econometric Institute Report with number EI 9838.
Date of creation: 26 Nov 1998
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rationing; Inventory; demand classes; critical level;
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- Agatz, N.A.H. & Fleischmann, M. & Nunen, J.A.E.E. van, 2006. "E-Fulfillment and Multi-Channel Distribution â€“ A Review," Research Paper ERS-2006-042-LIS, Erasmus Research Institute of Management (ERIM), ERIM is the joint research institute of the Rotterdam School of Management, Erasmus University and the Erasmus School of Economics (ESE) at Erasmus Uni.
- Quante, R. & Fleischmann, M. & Meyr, H., 2009. "A Stochastic Dynamic Programming Approach to Revenue Management in a Make-to-Stock Production System," Research Paper ERS-2009-015-LIS, Erasmus Research Institute of Management (ERIM), ERIM is the joint research institute of the Rotterdam School of Management, Erasmus University and the Erasmus School of Economics (ESE) at Erasmus Uni.
- Jaarsveld, W.L. van & Dekker, R., 2010. "Integrating Reliability Centered Maintenance and Spare Parts Stock Control," Econometric Institute Report EI 2010-16, Erasmus University Rotterdam, Econometric Institute.
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