A Deterministic Multiechelon Inventory Model

Abstract

The classic single echelon inventory model is restructured as a two echelon problem in which demand and resupply are deterministic. Using cost minimization as the objective, three models are developed which address the problems of (1) no stockouts allowed (EOQ), (2) backorders allowed, and (3) finite production with no stockouts allowed. General solutions for the optimal policy are obtained in the EOQ and finite production models. In the backorder model, the analytical argument is limited to the case in which only time dependent backorder costs occurs. Algorithms are developed for solving problems for all three models, and selected parameter values are used to test the behavior of the models.

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Document Details

Document Type
Technical Report
Publication Date
Mar 01, 1972
Accession Number
AD0743716

Entities

People

  • Jack V. Dell

Organizations

  • Naval Postgraduate School

Tags

Communities of Interest

  • Counter IED
  • Ground and Sea Platforms

DTIC Thesaurus Topics

  • Algorithms
  • California
  • Equations
  • Inequalities
  • Inventory
  • Inventory Analysis
  • Inventory Control
  • Mathematical Programming
  • Mathematics
  • Models
  • Operations Research
  • Parametric Analysis
  • Production
  • Production Models
  • Production Rate
  • Supply Depots
  • United States

Readers

  • Computational Modeling and Simulation
  • Logistics and Supply Chain Management.
  • Operations Research