A deterministic multiechelon inventory model
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Authors
Dell, Jack Vining
Subjects
Inventory Theory
Two - Echelon
Deterministic
Optimization
Two - Echelon
Deterministic
Optimization
Advisors
McMasters, A.W.
Date of Issue
1972-03
Date
Publisher
Monterey, CA; Naval Postgraduate School
Language
Abstract
The classic single echelon inventory model is restructured as a two echelon problem in which demand and resupply are deterministic. Using cost minimization as the objective, three models are developed which address the problems of (1) no stockouts allowed (EOQ) , (2) backorders allowed, and (3) finite production with no stockouts allowed. General solutions for the optimal policy are obtained in the EOQ and finite production models. In the backorder model, the analytical argument is limited to the case in which only time dependent backorder costs occur. Algorithms are developed for solving problems for all three models, and selected parameter values are used to test the behavior of the models.
Type
Thesis
Description
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Citation
Distribution Statement
Approved for public release; distribution is unlimited.
Rights
This publication is a work of the U.S. Government as defined in Title 17, United States Code, Section 101. Copyright protection is not available for this work in the United States.