Optimal policies for a capacitated two-echelon inventory system
成果类型：
Article
署名作者：
Parker, RP; Kapuscinski, R
署名单位：
Yale University; University of Michigan System; University of Michigan
刊物名称：
OPERATIONS RESEARCH
ISSN/ISSBN：
0030-364X
DOI：
10.1287/opre.1040.0131
发表日期：
2004
页码：
739-755
关键词：
摘要：
This paper demonstrates optimal policies for capacitated serial multiechelon production/inventory systems. Extending the Clark and Scarf (1960) model to include installations with production capacity limits, we demonstrate that a modified echelon base-stock policy is optimal in a two-stage system when there is a smaller capacity at the downstream facility. This is shown by decomposing the dynamic programming value function into value functions dependent upon individual echelon stock variables. We show that the optimal structure holds for both stationary and nonstationary stochastic customer demand. Finite-horizon and infinite-horizon results are included under discounted-cost and average-cost criteria.