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

Title data

Rambau, Jörg ; Schade, Konrad:
The Stochastic Guaranteed Service Model with Recourse for Multi-Echelon Warehouse Management.
In: Electronic Notes in Discrete Mathematics. Vol. 36 (2010) . - pp. 783-790.
ISSN 1571-0653
DOI: https://doi.org/10.1016/j.endm.2010.05.099

Abstract in another language

The Guaranteed Service Model (GSM) computes optimal order-points in multiechelon 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 bases on the SGSM dominate GSM-policies in terms of both inventory and recourse cost.

Further data

Item Type: Article in a journal
Refereed: Yes
Institutions of the University: Faculties
Faculties > Faculty of Mathematics, Physics und Computer Science
Faculties > Faculty of Mathematics, Physics und Computer Science > Department of Mathematics
Faculties > Faculty of Mathematics, Physics und Computer Science > Department of Mathematics > Chair Mathematics in Economy > Chair Mathematics in Economy - Univ.-Prof. Dr. Jörg Rambau
Faculties > Faculty of Mathematics, Physics und Computer Science > Department of Mathematics > Chair Mathematics in Economy
Result of work at the UBT: Yes
DDC Subjects: 500 Science > 510 Mathematics
Date Deposited: 04 Jun 2014 08:10
Last Modified: 01 Dec 2014 12:40
URI: https://eref.uni-bayreuth.de/id/eprint/745