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Centralized inventory in a farming community

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Centralized inventory in a farming community

Fiestras Janeiro, Maria Gloria; García Jurado, Ignacio; Meca Martínez, Ana; Mosquera Rodríguez, Manuel Alfredo
 
DATE : 2014-10
UNIVERSAL IDENTIFIER : http://hdl.handle.net/11093/1050
UNESCO SUBJECT : 1207.08 Inventarios
DOCUMENT TYPE : article

ABSTRACT :

A centralized inventory problem is a situation in which several agents face individual inventory problems and make an agreement to coordinate their orders with the objective of reducing costs. In this paper we identify a centralized inventory problem arising in a farming community in northwestern Spain, model the problem using two alternative approaches, find the optimal inventory policies for both models, and propose allocation rules for sharing the optimal costs in this context.

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