SHERP

Risk-Pooling Effects of Emergency Shippping in a Two-Echelon Distribution System

DC Field Value Language
dc.contributor.authorPark, Sangwook-
dc.date.accessioned2009-02-26-
dc.date.available2009-02-26-
dc.date.issued2002-06-
dc.identifier.citationSeoul Journal of Business Vol8(1): 91~101(2002)en
dc.identifier.issn1226-9816-
dc.identifier.urihttp://hdl.handle.net/10371/1655-
dc.description.abstractThis paper analyzes the optimal replenishment policy in a one warehouse N-retailer distribution system operating in a periodic-review mode where emergency shipping from a central warehouse or a retailer to an individual customer is allowed to satisfy retailer backorders at the end of the cycle. We show that, under the assumption that it costs the same whether emergency shipping is made by the warehouse or by a retailer, it is optimal that the warehouse carries no inventory. Under the same assumption, the form of the optimal system-replenishment policy is shown to be a base-stock policy, and the necessary and sufficient condition of optimality, which is analogous to that of the Newsboy problem, is presented. The further analysis shows that, with emergency shipping allowed, the warehouse orders less from its supplier.-
dc.description.abstractThis paper analyzes the optimal replenishment policy in a one warehouse N-retailer distribution system operating in a periodic-review mode where emergency shipping from a central warehouse or a retailer to an individual customer is allowed to satisfy retailer backorders at the end of the cycle. We show that, under the assumption that it costs the same whether emergency shipping is made by the warehouse or by a retailer, it is optimal that the warehouse carries no inventory. Under the same assumption, the form of the optimal system-replenishment policy is shown to be a base-stock policy, and the necessary and sufficient condition of optimality, which is analogous to that of the Newsboy problem, is presented. The further analysis shows that, with emergency shipping allowed, the warehouse orders less from its supplier.-
dc.language.isoenen
dc.publisherCollege of Business Administration (경영대학)en
dc.subjectn-retailer distribution systemen
dc.subjectbase-stock policyen
dc.subjectNewsboy problemen
dc.titleRisk-Pooling Effects of Emergency Shippping in a Two-Echelon Distribution Systemen
dc.typeSNU Journalen
dc.contributor.AlternativeAuthor박상욱-
Appears in Collections:
College of Business Administration/Business School (경영대학/대학원)Dept. of Business Administration (경영학과)Seoul Journal of BusinessSeoul Journal of Business Volume 08, Number 1 (2002)
Files in This Item:
  • mendeley

Items in S-Space are protected by copyright, with all rights reserved, unless otherwise indicated.

Browse