Intra-Firm Inventory Management Model with Transshipments

A Location-Inventory Model with Lateral Transshipments

Inventory models with lateral transshipments: A review

Lateral transshipments within an inventory system are stock movements between locations of the same echelon. These transshipments can be conducted periodically at predetermined points in time to proactively redistribute stock, or they can be used reactively as a method of meeting demand which cannot be satisfied from stock on hand. The elements of an inventory system considered, e.g. size, cost...

Inventory Sharing under Decentralized Preventive Transshipments

We consider preventive transshipments between two stores in a decentralized system with two demand subperiods. Replenishment orders are made before the first subperiod, and the stores may make transshipments to one another between the subperiods. We prove that the transshipment decision has a dominant strategy, called a control-band conserving transfer policy, under which each store chooses a q...

A Multi-Location Continuous Review (Q,R) Inventory Model with Emergency Transshipments

Previous studies on multi-location inventory systems with transshipments have focused mainly on periodic review systems with no fixed ordering cost. Since continuous review systems are also frequently used in practice, this research develops a multi-location inventory transshipment model that combines the popular order-quantity, reorder-point (Q,R) system with a third parameter, the hold-back a...

Evolutionary Optimization of a Multi-location Inventory Model with Lateral Transshipments