A review of the Guaranteed-Service Model for multi-echelon inventory systems

Ayse S. Eruguz*, Zied Jemai, Evren Sahin, Yves Dallery

*Corresponding author for this work

Research output: Chapter in Book / Report / Conference proceedingConference contributionAcademicpeer-review

Abstract

Guaranteed-Service Model (GSM) approach for the safety stock placement problem aims at finding the optimal placement of safety stocks in a multi-echelon inventory system under bounded demand and guaranteed service times. Although this model has been present for more than fifty years, the last decade witnessed a growing interest. Recent works include new versions of the problem with relaxed assumptions and efficient solution methods for different supply chain network topologies. The purpose of this paper is to review and summarize the literature on the GSM and to suggest future research directions.

Original languageEnglish
Title of host publicationProceedings - INCOM'12, 14th IFAC Symposium on Information Control Problems in Manufacturing
Pages1439-1444
Number of pages6
EditionPART 1
DOIs
Publication statusPublished - 17 Sept 2012
Externally publishedYes
Event14th IFAC Symposium on Information Control Problems in Manufacturing, INCOM'12 - Bucharest, Romania
Duration: 23 May 201225 May 2012

Publication series

NameIFAC Proceedings Volumes (IFAC-PapersOnline)
NumberPART 1
Volume14
ISSN (Print)1474-6670

Conference

Conference14th IFAC Symposium on Information Control Problems in Manufacturing, INCOM'12
Country/TerritoryRomania
CityBucharest
Period23/05/1225/05/12

Keywords

  • Guaranteed-Service Model
  • Inventory system
  • Multi-echelon
  • Safety stock
  • Supply chain

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