Journal of Korean Port Research (한국항만학회지)

Korean Institute of Navigation and Port Research (한국항해항만학회)
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A Study on the Decision Determination of Replenishment using Dynamic Approach in (1,m)Type Inventory System

DP법을 이용한 (1,m)형 재고시스템의 보충 의사결정에 관하여

  • 이재원 (한국해양대학교 대학원 물류시스템공학과) ;
  • 이철영 (한국해양대학교 물류시스템공학과) ;
  • 조덕필 (일본동경공업대학교 경영공학부)
  • Published : 2000.03.01
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Abstract

Centralized safety stock in a periodic replenishment system which consists of one central warehouse and m regional warehouse can reduce backorders allocating the centralized safety stocks to regional warehouse in a certain instant of each replenishment cycle. If the central warehouse can not monitoring inventories in the regional warehouse, then we have to predetermine the instant of allocation according to demand distribution and this instant must be same for all different replenishment cycle. However, transition of inventory level in each cycle need not to be same, and therefore different instant of the allocation may results reduced shortage compare to the predetermined instant of allocation. In this research, we construct a dynamic model based on the assumption of monitoring inventories in the regional warehouse everyday, and develop an algorithm minimize shortage in each replenishment cycle using dynamic programming approach.

Keywords

References

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