Notes: Installation vs. Echelon Stock Policies for Multilevel Inventory Control
multiechelon inventory control, reorder point policies, serial and assembly systems
This paper compares installation and echelon stock policies for multilevel inventory control. The major results are for serial and assembly systems. For (Q, r)-rules, echelon stock policies are, in general, superior to installation stock policies. A Kanban-policy is identified as a restricted type of installation stock (Q, r)-policy.