Periodic Review Inventory Systems Performance Analysis and Optimizat
The focus of the work is twofold. First, it provides an introduction into fundamental structural and behavioral aspects of periodic review inventory systems. Second, it includes a comprehensive study on analytical and optimization aspects of a specific cl
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Thomas Wensing
Periodic Review Inventory Systems
Lecture Notes in Economics and Mathematical Systems Founding Editors: M. Beckmann H.P. K¨unzi Managing Editors: Prof. Dr. G. Fandel Fachbereich Wirtschaftswissenschaften Fernuniversit¨at Hagen Feithstr. 140/AVZ II, 58084 Hagen, Germany Prof. Dr. W. Trockel Institut f¨ur Mathematische Wirtschaftsforschung (IMW) Universit¨at Bielefeld Universit¨atsstr. 25, 33615 Bielefeld, Germany Editorial Board: H. Dawid, D. Dimitrow, A. Gerber, C-J. Haake, C. Hofmann, T. Pfeiffer, R. Slowi´nski, W.H.M. Zijm
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Thomas Wensing
Periodic Review Inventory Systems
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Dr. Thomas Wensing Catholic University Eichst¨att-Ingolstadt Chair of Production and Operations Management Auf der Schanz 49 85049 Ingolstadt Germany [email protected]
ISSN 0075-8442 ISBN 978-3-642-20478-4 e-ISBN 978-3-642-20479-1 DOI 10.1007/978-3-642-20479-1 Springer Heidelberg Dordrecht London New York Library of Congress Control Number: 2011931729 c Springer-Verlag Berlin Heidelberg 2011 This work is subject to copyright. All rights are reserved, whether the whole or part of the material is concerned, specifically the rights of translation, reprinting, reuse of illustrations, recitation, broadcasting, reproduction on microfilm or in any other way, and storage in data banks. Duplication of this publication or parts thereof is permitted only under the provisions of the German Copyright Law of September 9, 1965, in its current version, and permission for use must always be obtained from Springer. Violations are liable to prosecution under the German Copyright Law. The use of general descriptive names, registered names, trademarks, etc. in this publication does not imply, even in the absence of a specific statement, that such names are exempt from the relevant protective laws and regulations and therefore free for general use. Cover design: eStudio Calamar S.L. Printed on acid-free paper Springer is part of Springer Science+Business Media (www.springer.com)
Meinen Taufpaten Hans-Werner und Marianne Backhaus gewidmet.
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Preface
This work arose during my occupation at the Chair of Production and Operations Management at the Catholic University Eichst¨att–Ingolstadt, where it was accepted as my doctoral thesis. Professor Heinrich Kuhn served as the first and Professor Ulrich K¨usters as the second reviewer. This thesis started off as my attempt to solve all the issues related to multi-level inventory management in discrete time once and for all. In retrospect, I am very glad that I took on the challenge. It taught me humility. Much as I wished to resolve everything in one fell swoop, I am now proud to be able to say that this is it: this is what is possible at the present time. We – the many researchers that came before me, and now myself – gave it our very best. I collated all the knowledge that was available, and hope to have driven the topic forwards a little. I admit the going was extremely tough, and wish my successors in this p
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