Bounds, heuristics, and approximations for distribution systems

成果类型:
Article
署名作者:
Gallego, Guillermo; Ozer, Ozalp; Zipkin, Paul
署名单位:
Columbia University; Stanford University; Duke University
刊物名称:
OPERATIONS RESEARCH
ISSN/ISSBN:
0030-364X
DOI:
10.1287/opre.1060.0373
发表日期:
2007
页码:
503-517
关键词:
摘要:
This paper develops simple approximate methods to analyze a two-stage distribution system consisting of one warehouse and multiple retailers with stochastic demand. We consider local and central control schemes. The main ideas are based on relaxing and or decomposing the system into more manageable newsvendor-type subsystems. We also provide bounds on the optimal policy and the optimal expected cost. We show that one of the heuristics is asymptotically optimal in the number of retailers. These results provide practically useful techniques as well as insights into stock-positioning issues and the drivers of system performance.