A replenishment decision involving partial postponement

Edward A. Silver; Stefan Minner

doi:10.1007/s00291-004-0175-5

A replenishment decision involving partial postponement

Edward A. Silver
, Stefan Minner

Haskayne School of Business
University of Mannheim

Research output: Contribution to journal › Article › peer-review

13 Scopus citations

Abstract

This paper was motivated by a practical situation in the fast food industry. We consider the choice of the order quantities for a group of end items, each facing random demand in a period of interest. There is the additional option of having a limited number of units of unfinished stock that can be customized to produce any of the end items once demands materialize. Solution procedures are developed, the results of a large set of examples are presented, and a number of managerial insights are provided.

Original language	English
Pages (from-to)	1-19
Number of pages	19
Journal	OR Spectrum
Volume	27
Issue number	1
DOIs	https://doi.org/10.1007/s00291-004-0175-5
State	Published - Jan 2005
Externally published	Yes

Keywords

Inventory management
Postponement
Process design
Replenishment

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10.1007/s00291-004-0175-5

Cite this

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AB - This paper was motivated by a practical situation in the fast food industry. We consider the choice of the order quantities for a group of end items, each facing random demand in a period of interest. There is the additional option of having a limited number of units of unfinished stock that can be customized to produce any of the end items once demands materialize. Solution procedures are developed, the results of a large set of examples are presented, and a number of managerial insights are provided.

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KW - Process design

KW - Replenishment

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A replenishment decision involving partial postponement

Abstract

Keywords

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