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Digital Library of the
European Council for Modelling and Simulation |
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Title: |
Optimized
Multi-Echelon Inventory Policies In Robust Distribution Networks |
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Authors: |
Katja Klingebiel, Cong Li |
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Published in:
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(2011).ECMS
2011 Proceedings edited by: T. Burczynski, J. Kolodziej, A. Byrski, M. Carvalho. European Council for Modeling and Simulation. doi:10.7148/2011 ISBN:
978-0-9564944-2-9 25th
European Conference on Modelling and Simulation, Jubilee Conference Krakow,
June 7-10, 2011
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Citation
format: |
Klingebiel, K., & Li, C. (2011).
Optimized Multi-Echelon Inventory Policies In Robust Distribution Networks.
ECMS 2011 Proceedings edited by: T. Burczynski, J. Kolodziej, A. Byrski, M. Carvalho (pp. 573-579).
European Council for Modeling and Simulation. doi:10.7148/2011-0573-0579 |
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DOI: |
http://dx.doi.org/10.7148/2011-0573-0579 |
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Abstract: |
To cope with current turbulent
market demands, more robust inventory policies are needed for distribution
networks, to lower the inventory cost as well as maintain high
responsiveness. This paper analyzes the inventory policies in the context of
complex multi- echelon distribution networks and proposes an optimization and
simulation integrating approach to robust inventory policies selection for
multi-echelon distribution networks.
Based on the existing approximation approaches designed primarily for two-
echelon inventory model, an analytical multi-echelon inventory model with an
efficient optimization algorithm is presented. Through systematic parameter
adjustment, “optimal” inventory policies are suggested by
this model. In the next step, a simulation model is applied to
evaluate the proposed solutions under market dynamics, so that the most
favorable ones may be selected. Finally, a case study is conducted and future
research directions are suggested. |
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