The Stochastic Guaranteed Service Model with Recourse for Multi-Echelon Warehouse Management

The Guaranteed Service Model (GSM) computes optimal order-points in multi-echelon inventory control under the assumptions that delivery times can be guaranteed and the demand is bounded. Our new Stochastic Guaranteed Service Model (SGSM) with Recourse covers also scenarios that violate these assumptions. Simulation experiments on real-world data of a large German car manufacturer show that policies based on the SGSM dominate GSM-policies.

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Metadaten
Institutes:Mathematik
Author: Jörg Rambau, Konrad Schade
Year of Completion:2012
SWD-Keyword:Lagerhaltung; Optimale Kontrolle; Optimierungsproblem; Stochastische optimale Kontrolle
Tag:Ganzzahlige Lineare Programmierung
Multi-echelon inventory control; guaranteed service model; integer linear programming; real-world application; stochastic programming
Dewey Decimal Classification:510 Mathematik
MSC-Classification:90B05 Inventory, storage, reservoirs
URN:urn:nbn:de:bvb:703-opus-9688
DOI:http://dx.doi.org/10.1007/s00186-014-0464-y
Source:Revidierte Fassung in: Mathematical Methods of Operations Research, Heidelberg: Springer, 2014
Document Type:Preprint
Language:English
Date of Publication (online):13.03.2012