Notes: Installation vs. Echelon Stock Policies for Multilevel Inventory Control
- 1 October 1993
- journal article
- Published by Institute for Operations Research and the Management Sciences (INFORMS) in Management Science
- Vol. 39 (10) , 1274-1280
- https://doi.org/10.1287/mnsc.39.10.1274
Abstract
This paper compares installation and echelon stock policies for multilevel inventory control. The major results are for serial and assembly systems. For (Q, r)-rules, echelon stock policies are, in general, superior to installation stock policies. A Kanban-policy is identified as a restricted type of installation stock (Q, r)-policy.Keywords
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