Proceedings of the Korean Operations and Management Science Society Conference (한국경영과학회:학술대회논문집)
- 1998.10a
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- Pages.392-395
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- 1998
ASSESSING THE RISK-POOLING EFFECT OF WAREHOUSE INVENTORY IN A ONE-WAREHOUSE N-RETAINER DISTRIBUTION SYSTEM
- Park, Sangwook (College of Business Administration, Seoul National University)
- Published : 1998.10.01
Abstract
This paper suggests the“infinite-retailer model”to approximate expected backorders per cycle of the One-warehouse N-retailer distribution system where the warehouse holds back some of the replenishment quantity to satisfy retailer backorders at the end of the cycle through direct shipping to customers. The main objective is to show the functional relationship between the warehouse inventory and the expected backorders per cycle. We illustrate the relationship using a uniform demand case.
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