Stationary Policies in Multiechelon Inventory Systems with Deterministic Demand and Backlogging

@article{Chen1998StationaryPI,
  title={Stationary Policies in Multiechelon Inventory Systems with Deterministic Demand and Backlogging},
  author={Fangruo Chen},
  journal={Operations Research},
  year={1998},
  volume={46},
  pages={S26-S34}
}
A stationary policy conducts replenishment activities—the placement and fulfillment of orders—in a stationary fashion. That is, each facility receives a constant batch (facility specific) in equal time intervals (facility specific) under a stationary policy. Although the advantages of stationary policies are clear (i.e., smooth operations), they represent a restriction in policy selection. This paper investigates how costly this restriction can be. For two multiechelon systems (serial and… CONTINUE READING
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