AN INVENTORY MODEL FOR OPTIMIZATION OF A TWO-ECHELON PERIODIC-REVIEW SYSTEM

AN INVENTORY MODEL FOR OPTIMIZATION OF A TWO-ECHELON PERIODIC-REVIEW SYSTEM

In this article a single-item inventory model for a two-echelon system made up of a warehouse and N retailers is proposed. The warehouse adopts an interval between reviews that is an integer multiple of the interval used in the retailers. The retailers apply reviews at equal, synchronized intervals....

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Bibliographic Details
Main Authors: Denilson Ricardo de Lucena Nunes, Antônio Fernando de Castro Vieira
Format: Article
Language:English
Published: Associação Brasileira de Engenharia de Produção (ABEPRO) 2016-03-01
Series:Brazilian Journal of Operations & Production Management
Subjects:
inventory model
warehouse
service level
retail
Online Access:https://bjopm.emnuvens.com.br/bjopm/article/view/185
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spelling doaj-72ddf48be50f4427907810234bd07c482020-11-24T20:44:30ZengAssociação Brasileira de Engenharia de Produção (ABEPRO)Brazilian Journal of Operations & Production Management2237-89602016-03-0113110.14488/BJOPM.2016.v13.n1.a1185AN INVENTORY MODEL FOR OPTIMIZATION OF A TWO-ECHELON PERIODIC-REVIEW SYSTEMDenilson Ricardo de Lucena Nunes0Antônio Fernando de Castro Vieira1Pontifícia Universidade Católica do Rio de JaneiroPontifícia Universidade Católica do Rio de JaneiroIn this article a single-item inventory model for a two-echelon system made up of a warehouse and N retailers is proposed. The warehouse adopts an interval between reviews that is an integer multiple of the interval used in the retailers. The retailers apply reviews at equal, synchronized intervals. The algorithm developed for the model determines the order-up-to level at each stockpoint so that the target service-level is met at the retailer at minimal cost to the system. In order to determine how effective the proposed model was, a simulation was performed to observe the service level for an item with normal demand in a three-retailer system using order-up-to levels supplied by the proposed algorithm.  https://bjopm.emnuvens.com.br/bjopm/article/view/185inventory modelwarehouseservice levelretail
collection DOAJ
language English
format Article
sources DOAJ
author Denilson Ricardo de Lucena Nunes
Antônio Fernando de Castro Vieira
spellingShingle Denilson Ricardo de Lucena Nunes
Antônio Fernando de Castro Vieira
AN INVENTORY MODEL FOR OPTIMIZATION OF A TWO-ECHELON PERIODIC-REVIEW SYSTEM
Brazilian Journal of Operations & Production Management
inventory model
warehouse
service level
retail
author_facet Denilson Ricardo de Lucena Nunes
Antônio Fernando de Castro Vieira
author_sort Denilson Ricardo de Lucena Nunes
title AN INVENTORY MODEL FOR OPTIMIZATION OF A TWO-ECHELON PERIODIC-REVIEW SYSTEM
title_short AN INVENTORY MODEL FOR OPTIMIZATION OF A TWO-ECHELON PERIODIC-REVIEW SYSTEM
title_full AN INVENTORY MODEL FOR OPTIMIZATION OF A TWO-ECHELON PERIODIC-REVIEW SYSTEM
title_fullStr AN INVENTORY MODEL FOR OPTIMIZATION OF A TWO-ECHELON PERIODIC-REVIEW SYSTEM
title_full_unstemmed AN INVENTORY MODEL FOR OPTIMIZATION OF A TWO-ECHELON PERIODIC-REVIEW SYSTEM
title_sort inventory model for optimization of a two-echelon periodic-review system
publisher Associação Brasileira de Engenharia de Produção (ABEPRO)
series Brazilian Journal of Operations & Production Management
issn 2237-8960
publishDate 2016-03-01
description In this article a single-item inventory model for a two-echelon system made up of a warehouse and N retailers is proposed. The warehouse adopts an interval between reviews that is an integer multiple of the interval used in the retailers. The retailers apply reviews at equal, synchronized intervals. The algorithm developed for the model determines the order-up-to level at each stockpoint so that the target service-level is met at the retailer at minimal cost to the system. In order to determine how effective the proposed model was, a simulation was performed to observe the service level for an item with normal demand in a three-retailer system using order-up-to levels supplied by the proposed algorithm. 
topic inventory model
warehouse
service level
retail
url https://bjopm.emnuvens.com.br/bjopm/article/view/185
work_keys_str_mv AT denilsonricardodelucenanunes aninventorymodelforoptimizationofatwoechelonperiodicreviewsystem
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