TY - JOUR

T1 - Inventory models with lateral transhipments: a review

AU - Paterson, C

AU - Kiesmueller, G

AU - Teunter, R H

AU - Glazebrook, K D

PY - 2011

Y1 - 2011

N2 - Lateral transshipments within an inventory system are stock movements between locations of the same echelon. These transshipments can be conducted periodically at predetermined points in time to proactively redistribute stock, or they can be used reactively as a method of meeting demand which cannot be satisfied from stock on hand. The elements of an inventory system considered, e.g. size, cost structures and service level definition, all influence the best method of transshipping. Models of many different systems have been considered. This paper provides a literature review which categorizes the research to date on lateral transshipments, so that these differences can be understood and gaps within the literature can be identified.

AB - Lateral transshipments within an inventory system are stock movements between locations of the same echelon. These transshipments can be conducted periodically at predetermined points in time to proactively redistribute stock, or they can be used reactively as a method of meeting demand which cannot be satisfied from stock on hand. The elements of an inventory system considered, e.g. size, cost structures and service level definition, all influence the best method of transshipping. Models of many different systems have been considered. This paper provides a literature review which categorizes the research to date on lateral transshipments, so that these differences can be understood and gaps within the literature can be identified.

M3 - Journal article

VL - 210

SP - 125

EP - 136

JO - European Journal of Operational Research

JF - European Journal of Operational Research

SN - 0377-2217

ER -