Optimising transshipment policies in multi-location inventory systems

Thomas Welsh Archibald; Daniel Black; Kevin Glazebrook

Optimising transshipment policies in multi-location inventory systems

Thomas Welsh Archibald, Daniel Black, Kevin Glazebrook

Research output: Contribution to conference › Abstract › peer-review

Abstract

We propose a stochastic dynamic programming model for the control of transshipments in multi-location inventory systems and develop approximate solution methods using decomposition and other dimensionality reduction techniques. The new methods are compared with the static stock pooling policies that are often used in practice.

Original language	English
Publication status	Published - 2005
Event	IFORS Triennial Conference - Duration: 1 Jan 2005 → …

Conference

Conference	IFORS Triennial Conference
Period	1/01/05 → …

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title = "Optimising transshipment policies in multi-location inventory systems",

abstract = "We propose a stochastic dynamic programming model for the control of transshipments in multi-location inventory systems and develop approximate solution methods using decomposition and other dimensionality reduction techniques. The new methods are compared with the static stock pooling policies that are often used in practice.",

author = "Archibald, {Thomas Welsh} and Daniel Black and Kevin Glazebrook",

year = "2005",

language = "English",

note = "IFORS Triennial Conference ; Conference date: 01-01-2005",

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T1 - Optimising transshipment policies in multi-location inventory systems

AU - Archibald, Thomas Welsh

AU - Black, Daniel

AU - Glazebrook, Kevin

PY - 2005

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N2 - We propose a stochastic dynamic programming model for the control of transshipments in multi-location inventory systems and develop approximate solution methods using decomposition and other dimensionality reduction techniques. The new methods are compared with the static stock pooling policies that are often used in practice.

AB - We propose a stochastic dynamic programming model for the control of transshipments in multi-location inventory systems and develop approximate solution methods using decomposition and other dimensionality reduction techniques. The new methods are compared with the static stock pooling policies that are often used in practice.

M3 - Abstract

T2 - IFORS Triennial Conference

Y2 - 1 January 2005

ER -

Optimising transshipment policies in multi-location inventory systems

Abstract

Conference

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