TY - JOUR
T1 - Planning stocks for emergency situations
AU - Bigman, David
AU - Weksler, Itzhak
N1 - Funding Information:
*This research was supported Development Fund (BARD).
PY - 1983/1/1
Y1 - 1983/1/1
N2 - This paper develops a methodological framework for designing and evaluating an emergency stock system aimed at supplying the needs of the population in the event that an emergency situation (drought, war, embargo) will not allow the regular flow of supply. The functioning of the emergency stock system is described as a stochastic process, assumed to be a Markov process and the stock size and storage rules are the control variables. The main performance criterion is the costs of attaining a certain level of reliability which is deemed necessary by the policy maker, where the system's reliability is defined as the probability that in all possible emergency situations, the amount in storage will suffice to meet the demand.
AB - This paper develops a methodological framework for designing and evaluating an emergency stock system aimed at supplying the needs of the population in the event that an emergency situation (drought, war, embargo) will not allow the regular flow of supply. The functioning of the emergency stock system is described as a stochastic process, assumed to be a Markov process and the stock size and storage rules are the control variables. The main performance criterion is the costs of attaining a certain level of reliability which is deemed necessary by the policy maker, where the system's reliability is defined as the probability that in all possible emergency situations, the amount in storage will suffice to meet the demand.
UR - http://www.scopus.com/inward/record.url?scp=49049128765&partnerID=8YFLogxK
U2 - 10.1016/0270-0255(83)90049-0
DO - 10.1016/0270-0255(83)90049-0
M3 - Article
AN - SCOPUS:49049128765
SN - 0270-0255
VL - 4
SP - 451
EP - 466
JO - Mathematical Modelling
JF - Mathematical Modelling
IS - 5
ER -