2005•Jisuanji fangzhenRequires access

An Optimal Model of Multistage Inventory Control with Correlated Demands

DU Xiu-hua

Abstract

Supply chain management has become an important common issue to enterprises and scholars in a technology-driven global market, while inventory control is one of its crucial parts. Inventory-distribution system composed of K warehouses and Nk retail stores in a supply chain is studied in this paper. Supposing items demand to be correlated both across distribution centers and correlated in time, according to the observation and analysis of an actual distribution system, an optimal model of multistage inventory control is developed to minimize the total cost of inventory and transportation in the system with certain service levels.

About this research paper

What this paper is about

Why it matters

A significance statement is not available in the OpenAlex record.

Key contribution

A contribution statement is not available in the OpenAlex record.

Method / approach

Method details are not available in the OpenAlex metadata.

Main findings

Findings are not separately available in the OpenAlex metadata.

Limitations

Limitations are not available in the OpenAlex metadata.

Applications

Application details are not available in the OpenAlex metadata.

Available abstract

Key concepts: Supply chain, Inventory control, Inventory theory, Operations research, Control (management), Distribution (mathematics), Inventory management, Service (business)