Title :
Inventory optimization of a multilevel distribution network with intermittent lead time extension and nonstationary demands
Author :
Chen Xuan ; Ji Hao ; Li Jinfeng ; Ren Changrui
Author_Institution :
Bus. Analytics Optimization & Ind. Solutions, IBM Res. China, Beijing, China
Abstract :
This paper optimized the inventory of a multilevel distribution network with intermittent lead time extension resulting from disruptive transportation infrastructure damage because of regional weather and non-stationary demands. We proposed a hierarchical solution framework of a centralized inventory control policy to tackle with intermittent lead time fluctuation and demand fluctuation, leading to reduction of both inventory and stock out scenarios.
Keywords :
goods distribution; optimisation; stock control; centralized inventory control policy; demand fluctuation; disruptive transportation infrastructure damage; intermittent lead time extension; intermittent lead time fluctuation; inventory optimization; multilevel distribution network; nonstationary demands; regional weather demands; stock out scenarios; Decision support systems; Demand forecasting; Lead; Optimization; Predictive models; Reliability; Transportation; Inventory control; hierarchical decomposition methodology; intemittent lead time extension; multilevel distribution network; nonstationary demand;
Conference_Titel :
Service Operations and Logistics, and Informatics (SOLI), 2014 IEEE International Conference on
Conference_Location :
Qingdao
DOI :
10.1109/SOLI.2014.6960766
