Titulo:
A Practical Approach to Develop Centralized Inventory Policies for 1-Warehouse/N-Retailers Systems Through Simulation/Optimization
.
Guardado en:
1794-1237
2463-0950
14
2017-10-26
Revista EIA/ English version - 2017
info:eu-repo/semantics/openAccess
http://purl.org/coar/access_right/c_abf2
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A Practical Approach to Develop Centralized Inventory Policies for 1-Warehouse/N-Retailers Systems Through Simulation/Optimization A Practical Approach to Develop Centralized Inventory Policies for 1-Warehouse/N-Retailers Systems Through Simulation/Optimization Collaboration in supply chain management has become a key success factor. Operational strategies in which each node operates under optimum operating conditions have proven to be inadequate, and it has been determined that a strategy of coordination of the chain as a whole is best perceived. The One-warehouse N-retailer chain typically operates with each retailer placing orders to the warehouse according to its own inventory policies. In this article we study the case where the warehouse makes centralized decisions, defining retail inventory replenishment policies using the (R, s, S) periodic review policy. The optimal policy is determined using a heuristic that combines Monte Carlo simulation with Optimization, based on an implementation in a spreadsheet scheme. The approach is tested in one case, showing reductions in the relevant inventory costs when centralized versus decentralized approaches are compared. Delgado, Liliana Toro, Héctor Hernán Bravo, Juan José One-warehouse/N-retailers Simulation/Optimization Periodic Review Joint Inventory Policy. 14 27 Artículo de revista Journal article 2017-10-26 15:20:25 2017-10-26 15:20:25 2017-10-26 application/pdf Revista EIA / English version Revista EIA / English version 1794-1237 2463-0950 https://revistas.eia.edu.co/index.php/Reveiaenglish/article/view/1203 https://revistas.eia.edu.co/index.php/Reveiaenglish/article/view/1203 eng https://creativecommons.org/licenses/by-nc-sa/4.0/ Revista EIA/ English version - 2017 https://revistas.eia.edu.co/index.php/Reveiaenglish/article/download/1203/1124 info:eu-repo/semantics/article http://purl.org/coar/resource_type/c_6501 http://purl.org/redcol/resource_type/ARTREF info:eu-repo/semantics/publishedVersion http://purl.org/coar/version/c_970fb48d4fbd8a85 info:eu-repo/semantics/openAccess http://purl.org/coar/access_right/c_abf2 Text Publication |
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UNIVERSIDAD EIA |
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https://nuevo.metarevistas.org/UNIVERSIDADEIA/logo.png |
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Colombia |
| collection |
Revista EIA / English version |
| title |
A Practical Approach to Develop Centralized Inventory Policies for 1-Warehouse/N-Retailers Systems Through Simulation/Optimization |
| spellingShingle |
A Practical Approach to Develop Centralized Inventory Policies for 1-Warehouse/N-Retailers Systems Through Simulation/Optimization Delgado, Liliana Toro, Héctor Hernán Bravo, Juan José One-warehouse/N-retailers Simulation/Optimization Periodic Review Joint Inventory Policy. |
| title_short |
A Practical Approach to Develop Centralized Inventory Policies for 1-Warehouse/N-Retailers Systems Through Simulation/Optimization |
| title_full |
A Practical Approach to Develop Centralized Inventory Policies for 1-Warehouse/N-Retailers Systems Through Simulation/Optimization |
| title_fullStr |
A Practical Approach to Develop Centralized Inventory Policies for 1-Warehouse/N-Retailers Systems Through Simulation/Optimization |
| title_full_unstemmed |
A Practical Approach to Develop Centralized Inventory Policies for 1-Warehouse/N-Retailers Systems Through Simulation/Optimization |
| title_sort |
practical approach to develop centralized inventory policies for 1-warehouse/n-retailers systems through simulation/optimization |
| description_eng |
Collaboration in supply chain management has become a key success factor. Operational strategies in which each node operates under optimum operating conditions have proven to be inadequate, and it has been determined that a strategy of coordination of the chain as a whole is best perceived. The One-warehouse N-retailer chain typically operates with each retailer placing orders to the warehouse according to its own inventory policies. In this article we study the case where the warehouse makes centralized decisions, defining retail inventory replenishment policies using the (R, s, S) periodic review policy. The optimal policy is determined using a heuristic that combines Monte Carlo simulation with Optimization, based on an implementation in a spreadsheet scheme. The approach is tested in one case, showing reductions in the relevant inventory costs when centralized versus decentralized approaches are compared.
|
| author |
Delgado, Liliana Toro, Héctor Hernán Bravo, Juan José |
| author_facet |
Delgado, Liliana Toro, Héctor Hernán Bravo, Juan José |
| topic |
One-warehouse/N-retailers Simulation/Optimization Periodic Review Joint Inventory Policy. |
| topic_facet |
One-warehouse/N-retailers Simulation/Optimization Periodic Review Joint Inventory Policy. |
| citationvolume |
14 |
| citationissue |
27 |
| publisher |
Revista EIA / English version |
| ispartofjournal |
Revista EIA / English version |
| source |
https://revistas.eia.edu.co/index.php/Reveiaenglish/article/view/1203 |
| language |
eng |
| format |
Article |
| rights |
https://creativecommons.org/licenses/by-nc-sa/4.0/ Revista EIA/ English version - 2017 info:eu-repo/semantics/openAccess http://purl.org/coar/access_right/c_abf2 |
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info:eu-repo/semantics/article |
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http://purl.org/coar/resource_type/c_6501 |
| type_version |
info:eu-repo/semantics/publishedVersion |
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http://purl.org/coar/version/c_970fb48d4fbd8a85 |
| type_content |
Text |
| publishDate |
2017-10-26 |
| date_accessioned |
2017-10-26 15:20:25 |
| date_available |
2017-10-26 15:20:25 |
| url |
https://revistas.eia.edu.co/index.php/Reveiaenglish/article/view/1203 |
| url_doi |
https://revistas.eia.edu.co/index.php/Reveiaenglish/article/view/1203 |
| issn |
1794-1237 |
| eissn |
2463-0950 |
| url2_str_mv |
https://revistas.eia.edu.co/index.php/Reveiaenglish/article/download/1203/1124 |
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1811200276889075712 |