Performance Evaluation and Stock Allocation in Capacitated Serial Supply Systems

• Published in: Manufacturing & service operations management Vol. 8; no. 2; pp. 169 - 191
• Main Authors: Gupta, Diwakar, Selvaraju, N
• Format: Journal Article
• Language: English
• Published: Linthicum INFORMS 01.04.2006; Institute for Operations Research and the Management Sciences
• Series: Manufacturing & Service Operations Management
• Subjects: Approximation; approximations; Benchmarks; capacitated supply systems; Inventory management; matrix-geometric procedure; Parameter optimization; Performance evaluation; queues with planned inventories; Queuing theory; service constraints; Studies; Supply chains

We develop an approximation scheme for performance evaluation of serial supply systems when each stage operates like a single-server queue, and its planned inventories are managed according to a base-stock policy. We also present a near-exact matrix-geometric procedure for benchmarking our approxima...