Please use this identifier to cite or link to this item: https://hdl.handle.net/20.500.11851/1596
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dc.contributor.authorÇömez, Dolgan Nagihan-
dc.contributor.authorFescioğlu, Ünver Nilgün-
dc.date.accessioned2019-07-03T14:44:47Z
dc.date.available2019-07-03T14:44:47Z
dc.date.issued2015
dc.identifier.citationÇömez-Dolgan, N., & Fescioglu-Unver, N. (2015). Managing transshipments in a multi-retailer system with approximate policies. Journal of the Operational Research Society, 66(6), 947-964.en_US
dc.identifier.issn0160-5682
dc.identifier.urihttps://doi.org/10.1057/jors.2014.59-
dc.identifier.urihttps://hdl.handle.net/20.500.11851/1596-
dc.description.abstractUsing the right transshipment policy is important when transshipments are exercised under demand uncertainty. Optimal transshipment policy can be quite complex in a multi-firm system as optimal actions depend on all system variables. Moreover, both how to select requested retailer and how to respond to requests are in question. We introduce simple, close-to-optimal heuristic transshipment policies for multiple retailers. We first show that heuristic policies may perform even better than self-optimal policy, which is explained by Braess's paradox. Then we test the performances of various heuristics with respect to centrally optimal policy. When retailers can observe others' inventory levels, more effective transshipments can be made. Otherwise, a random selection performs quite well. We also observe that although always-accept respond policy is quite close to centrally optimal in small systems, the performance of pairwise-optimal holdback levels to respond requests is more clear and consistent for larger systems.en_US
dc.language.isoenen_US
dc.publisherPalgrave Macmillan Ltden_US
dc.relation.ispartofJournal Of The Operational Research Societyen_US
dc.rightsinfo:eu-repo/semantics/closedAccessen_US
dc.subjectinventory sharingen_US
dc.subjectdecentralized systemen_US
dc.subjectheuristic transshipment policyen_US
dc.subjectBraess's paradoxen_US
dc.titleManaging Transshipments in a Multi-Retailer System With Approximate Policiesen_US
dc.typeArticleen_US
dc.departmentFaculties, Faculty of Engineering, Department of Industrial Engineeringen_US
dc.departmentFakülteler, Mühendislik Fakültesi, Endüstri Mühendisliği Bölümütr_TR
dc.identifier.volume66
dc.identifier.issue6
dc.identifier.startpage947
dc.identifier.endpage964
dc.identifier.wosWOS:000355021600006en_US
dc.identifier.scopus2-s2.0-84929072157en_US
dc.institutionauthorFescioğlu-Ünver, Nilgün-
dc.identifier.doi10.1057/jors.2014.59-
dc.authorscopusid9639266600-
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanıen_US
dc.identifier.scopusqualityQ1-
item.openairetypeArticle-
item.languageiso639-1en-
item.grantfulltextnone-
item.fulltextNo Fulltext-
item.openairecristypehttp://purl.org/coar/resource_type/c_18cf-
item.cerifentitytypePublications-
crisitem.author.dept02.4. Department of Industrial Engineering-
Appears in Collections:Endüstri Mühendisliği Bölümü / Department of Industrial Engineering
Scopus İndeksli Yayınlar Koleksiyonu / Scopus Indexed Publications Collection
WoS İndeksli Yayınlar Koleksiyonu / WoS Indexed Publications Collection
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