Multi-Echelon Production / Inventory Systems : Optimal Policies , Heuristics , and Algorithms

  title={Multi-Echelon Production / Inventory Systems : Optimal Policies , Heuristics , and Algorithms},
  author={G. J. van Houtum},
The theory on multi-echelon production/inventory systems is a core theory within supply chain management. It provides useful insights for design of supply chains and may be used for tactical and operational planning decisions. The multi-echelon theory started with the seminal paper of Clark and Scarf in 1960. In this tutorial, we describe for which systems optimal policies are known, which key features are needed for these optimal policy structures, and we discuss heuristics for systems of… CONTINUE READING
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