A Periodic-Review Modeling Approach for Guaranteed Service Supply Chains

@article{Bossert2007APM,
  title={A Periodic-Review Modeling Approach for Guaranteed Service Supply Chains},
  author={John M. Bossert and Sean P. Willems},
  journal={Interfaces},
  year={2007},
  volume={37},
  pages={420-435}
}
We extend the guaranteed service, supply chain modeling framework to allow for an arbitrary, integer review period or ordering frequency at each stage. We define a notation for the cyclic inventory dynamics that review periods introduce and generalize inventory-balance equations to accommodate three different periodicreview operating policies—constant base stock, constant safety stock, and adaptive base stock. As a form of validation, we apply the model to the Celanese acetic acid supply chain… CONTINUE READING
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