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- Title
COST EVALUATION OF A TWO-ECHELON INVENTORY SYSTEM WITH LOST SALES AND NON-IDENTICAL RETAILERS.
- Authors
Seifbarghy, Mehdi; Esfandiari, Nima
- Abstract
The article evaluates the cost of two-echelon inventory system that has lost sales and non-identical in retailers in Qazvin, Iran. It states that the inventory system being considered consist of central warehouse and an arbitrary number of non-identical retailers that are controlled by continuous review policy (RQ). Moreover, to find optimal reorder points for given batch sizes in all installations and the related accuracy, an approximate cost function is developed.
- Subjects
QAZVIN (Iran); IRAN; INVENTORY control; WAREHOUSES; RETAIL industry; BUSINESS logistics; SALES management
- Publication
Economic Computation & Economic Cybernetics Studies & Research, 2010, Vol 44, Issue 4, p1
- ISSN
0424-267X
- Publication type
Article