Recent Work in Multi-Echelon Inventory Theory

E. P. Durbin, Richard D. Wollmer

Expert InsightsPublished 1966

Three pioneering papers not yet generally available are summarized and discussed. The first, by W.I. Zangwill of the University of California, Berkeley, presents a very general multi-echelon, multi-period, multi-product production and inventory model in which demand is known precisely. The second, by S.A. Bessler and A.F. Veinott, Jr., of Stanford University, models a warehousing and inventory problem in a classical sense and will undoubtedly underlie future work in multi-echelon inventory models. The third, by C.C. Sherbrooke of The RAND Corporation, is a repair shop or job shop model which assumes a particular demand distribution that provides analytic tractability but is still fairly general.

Document Details

  • Copyright: RAND Corporation
  • Availability: Web-Only
  • Year: 1966
  • Pages: 13
  • Document Number: P-3401

Citation

Chicago Manual of Style

Durbin, E. P. and Richard D. Wollmer, Recent Work in Multi-Echelon Inventory Theory. Santa Monica, CA: RAND Corporation, 1966. https://www.rand.org/pubs/papers/P3401.html.
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