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

URN to cite this document: urn:nbn:de:bvb:703-opus-9688

Title data

Rambau, Jörg ; Schade, Konrad:
The Stochastic Guaranteed Service Model with Recourse for Multi-Echelon Warehouse Management.
Bayreuth , 2012

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Abstract

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.

Further data

Item Type: Preprint, postprint
Additional notes (visible to public): msc: 90B05
Keywords: Optimierungsproblem; Stochastische optimale Kontrolle; Optimale Kontrolle; Lagerhaltung; Ganzzahlige Lineare Programmierung; Multi-echelon inventory control; guaranteed service model; stochastic programming; integer linear programming; real-world application
DDC Subjects: 500 Science > 510 Mathematics
Institutions of the University: Faculties > Faculty of Mathematics, Physics und Computer Science > Department of Mathematics
Faculties
Faculties > Faculty of Mathematics, Physics und Computer Science
Language: English
Originates at UBT: Yes
URN: urn:nbn:de:bvb:703-opus-9688
Date Deposited: 25 Apr 2014 06:36
Last Modified: 28 Mar 2019 15:01
URI: https://epub.uni-bayreuth.de/id/eprint/258

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