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2011•Unpublished venueRequires access

Location and inventory routing problems with Stochastic demand and lead times

Mohd Kamarul Irwan Abdul Rahim, El‐Houssaine Aghezzaf

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Abstract

This extended abstract gives an overview of the issues and the future research directions that we will explore. The main issue is the effective management and control of inventory,in a supply chain,when demand and lead times are uncertain. The initial focus is put on studying inventory management policies for a single item and a two-echelon inventory system. A particular extension is given to determination of the safety stocks required in case of stochastic demand and lead times.

About this research paper

What this paper is about

This extended abstract gives an overview of the issues and the future research directions that we will explore. The main issue is the effective management and control of inventory,in a supply chain,when demand and lead times are uncertain. The initial focus is put on studying inventory management policies for a single item and a two-echelon inventory system. A particular extension is given to determination of the safety stocks required in case of stochastic demand and lead times.

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Available abstract

This extended abstract gives an overview of the issues and the future research directions that we will explore. The main issue is the effective management and control of inventory,in a supply chain,when demand and lead times are uncertain. The initial focus is put on studying inventory management policies for a single item and a two-echelon inventory system. A particular extension is given to determination of the safety stocks required in case of stochastic demand and lead times.

Key concepts: Lead time, Inventory control, Inventory theory, Supply chain, Lead (geology), Operations research, Inventory management, Lost sales

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