Optimal and Heuristics Policies for a Multiechelon Inventory Problem with Secondary Market Sales

• Main Author: ANGELUS, Alexandar
• Format: text
• Language: English
• Published: Institutional Knowledge at Singapore Management University 2010
• Subjects: Operations and Supply Chain Management; Sales and Merchandising
• Online Access: https://ink.library.smu.edu.sg/lkcsb_research/3057; https://ink.library.smu.edu.sg/context/lkcsb_research/article/4056/viewcontent/Angelus102Optimal.pdf
• Institution: Singapore Management University

Most research on supply chain management deals with settings where firms do not voluntarily get rid of inventory in the system. Since voluntary inventory reductions are often observed in practice, in this paper, we propose a (multi-echelon) model where the firm can dispose of excess stock through sa...