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Cluster :  Tutorials

Session Information  : Wednesday Nov 08, 10:00 - 11:30

Title:  Tutorial: Multi-Echelon Production/Inventory Systems: Optimal Policies, Heuristics, and Algorithms

Abstract Details

Title: Multi-Echelon Production/ Inventory Systems: Optimal Policies,Heuristics, and Algorithms
 Presenting Author: Geert-Jan Van Houtum,Associate Professor, Eindhoven University of Technology, Den Dolech 2, Eindhoven NB 5612AZ, Netherlands, g.j.v.houtum@tm.tue.nl
 
Abstract: The development of the theory of multi-echelon production/inventory systems started almost 50 years ago. Planning concepts based on this theory are increasingly incorporated into the practice of supply chain management. In this tutorial, we focus on optimal policies and key insights for serial, assembly, and distribution systems. In particular, we demonstrate why generalized forms of basestock policies are optimalfor many systems. We also present applications of multi-echelon theory.