Comparison of (s,S) and (s,nQ) inventory control rules with respect to planning stability
| Autor: | Gerald Heisig |
|---|---|
| Rok vydání: | 2001 |
| Předmět: |
Inventory control
Economics and Econometrics Mathematical optimization Operations research Horizon Control (management) Stability (learning theory) Inventory system Management Science and Operations Research General Business Management and Accounting Industrial and Manufacturing Engineering Reorder point Order (exchange) Economics Rolling horizon |
| Zdroj: | International Journal of Production Economics. 73:59-82 |
| ISSN: | 0925-5273 |
| DOI: | 10.1016/s0925-5273(00)00151-1 |
| Popis: | The application of a rolling horizon planning framework in inventory control causes different order release decisions in successive planning cycles. These lead to the so-called planning system nervousness. In this paper for a single-stage inventory system with arbitrary stochastic demand it is shown analytically how the setup-oriented planning stability concerning deviations of planned orders in all periods of a given stability horizon is influenced by the use of ( s , S ) and ( s , nQ ) control rules. It turns out that the reorder point s does not affect stability whereas the lot size determining parameters S − s and Q as well as the level of uncertainty have a considerable impact. The paper is concluded with directions for further research. |
| Databáze: | OpenAIRE |
| Externí odkaz: |
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