The Stochastic Guaranteed Service Model with Recourse for Multi-Echelon Warehouse Management
The Guaranteed Service Model (GSM) computes optimal order-points in multi-echelon inventory control under the assumptions that delivery times can be guaranteed and the demand is bounded. Our new Stochastic Guaranteed Service Model (SGSM) with Recourse covers also scenarios that violate these assumptions. Simulation experiments on real-world data of a large German car manufacturer show that policies based on the SGSM dominate GSM-policies.
| Institutes: | Mathematik |
|---|---|
| Author: | Jörg Rambau, Konrad Schade |
| Year of Completion: | 2012 |
| SWD-Keyword: | Lagerhaltung; Optimale Kontrolle; Optimierungsproblem; Stochastische optimale Kontrolle |
| Tag: | Ganzzahlige Lineare Programmierung Multi-echelon inventory control; guaranteed service model; integer linear programming; real-world application; stochastic programming |
| Dewey Decimal Classification: | 510 Mathematik |
| MSC-Classification: | 90B05 Inventory, storage, reservoirs |
| URN: | urn:nbn:de:bvb:703-opus-9688 |
| Document Type: | Preprint |
| Language: | English |
| Date of Publication (online): | 13.03.2012 |





