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Approximate evaluation of continuous review ( R , Q ) policies in two-echelon inventory systems with stochastic transportation times

Abdullah S. Karaman — 2017

Kybernetika

This paper considers a distribution inventory system that consists of a single warehouse and several retailers. Customer demand arrives at the retailers according to a continuous-time renewal process. Material flow between echelons is driven by reorder point/order quantity inventory control policies. Our objective in this setting is to calculate the long-run inventory, backorder and customer service levels. The challenge in this system is to characterize the demand arrival process at the warehouse....

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