Title :
Study on the choice of safety factor of stochastic lead time inventory model of distribution system
Author :
Chen, Jie ; Su, Lingmeng ; Luo, Jiangqiang
Author_Institution :
Econ. & Manage. Sch., Nanjing Univ. of Sci. & Technol., Nanjing
Abstract :
An inventory model of secondary distribution system constituted by one distribution center and N retailers is established. Both the distribution center and the retailers adopt (Q,R) strategy, the lead-time of each retailers is subject to the stochastic fluctuation of the distribution centeriquests shortage quantity. The security factor of the distribution center and each distributor is analyzed, the decision of the optimal security factor under the condition of non-cooperation is discussed and the conclusion of the model is proved by numerical examples.
Keywords :
distribution strategy; inventory management; lead time reduction; safety; security; stochastic processes; distribution center; optimal security factor; safety factor; secondary distribution system; stochastic fluctuation; stochastic lead time inventory model; distribution center; model optimization; security factor; stochastic lead-time;
Conference_Titel :
Service Operations and Logistics, and Informatics, 2008. IEEE/SOLI 2008. IEEE International Conference on
Conference_Location :
Beijing
Print_ISBN :
978-1-4244-2012-4
Electronic_ISBN :
978-1-4244-2013-1
DOI :
10.1109/SOLI.2008.4683044
