Taking replenishment capacity into account in a basestock inventory policy
- Author
- Thomas Dubois (UGent) , Birger Raa (UGent) and Wout Dullaert
- Organization
- Abstract
- This paper studies periodic review inventory systems in which replenishments are capacitated. This capacity restriction implies that the order-up-to level may not always be reached at each replenishment, such that additional safety stock is needed to achieve the same service level as in the uncapacitated case considered in the literature so far. To determine the required level of safety stock, and hence the order-up-to level, an iterative procedure is proposed. A computational experiment is reported that illustrates both the impact of a restricted replenishment capacity on the required safety stock level, and the effectiveness of the proposed iterative method at determining this.
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Citation
Please use this url to cite or link to this publication: http://hdl.handle.net/1854/LU-2035053
- MLA
- Dubois, Thomas, et al. “Taking Replenishment Capacity into Account in a Basestock Inventory Policy.” Current Issues in Shipping, Ports and Logistics, edited by Theo Notteboom, University Press Antwerp, 2011, pp. 423–30.
- APA
- Dubois, T., Raa, B., & Dullaert, W. (2011). Taking replenishment capacity into account in a basestock inventory policy. In T. Notteboom (Ed.), Current Issues in Shipping, Ports and Logistics (pp. 423–430). University Press Antwerp.
- Chicago author-date
- Dubois, Thomas, Birger Raa, and Wout Dullaert. 2011. “Taking Replenishment Capacity into Account in a Basestock Inventory Policy.” In Current Issues in Shipping, Ports and Logistics, edited by Theo Notteboom, 423–30. University Press Antwerp.
- Chicago author-date (all authors)
- Dubois, Thomas, Birger Raa, and Wout Dullaert. 2011. “Taking Replenishment Capacity into Account in a Basestock Inventory Policy.” In Current Issues in Shipping, Ports and Logistics, ed by. Theo Notteboom, 423–430. University Press Antwerp.
- Vancouver
- 1.Dubois T, Raa B, Dullaert W. Taking replenishment capacity into account in a basestock inventory policy. In: Notteboom T, editor. Current Issues in Shipping, Ports and Logistics. University Press Antwerp; 2011. p. 423–30.
- IEEE
- [1]T. Dubois, B. Raa, and W. Dullaert, “Taking replenishment capacity into account in a basestock inventory policy,” in Current Issues in Shipping, Ports and Logistics, Antwerp, Belgium, 2011, pp. 423–430.
@inproceedings{2035053, abstract = {{This paper studies periodic review inventory systems in which replenishments are capacitated. This capacity restriction implies that the order-up-to level may not always be reached at each replenishment, such that additional safety stock is needed to achieve the same service level as in the uncapacitated case considered in the literature so far. To determine the required level of safety stock, and hence the order-up-to level, an iterative procedure is proposed. A computational experiment is reported that illustrates both the impact of a restricted replenishment capacity on the required safety stock level, and the effectiveness of the proposed iterative method at determining this.}}, author = {{Dubois, Thomas and Raa, Birger and Dullaert, Wout}}, booktitle = {{Current Issues in Shipping, Ports and Logistics}}, editor = {{Notteboom, Theo}}, isbn = {{9789054878582}}, language = {{eng}}, location = {{Antwerp, Belgium}}, pages = {{423--430}}, publisher = {{University Press Antwerp}}, title = {{Taking replenishment capacity into account in a basestock inventory policy}}, year = {{2011}}, }