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We study a decentralized supply chain where only delayed market demand information is available for making replenishment decisions. The impact of this delay is quantified in a serially linked two-level supply chain where each player exploits the order-up-to replenishment policy. The market...
Persistent link: https://www.econbiz.de/10010870987
. In this study, under a single-period setting with two retail stores, we investigate the optimal inventory decisions under … effects of the customer requesting rate and switching rate on the optimal inventory decision. Through numerical analysis, the … two strategies are compared in terms of inventory levels and profitability. The results suggest that in addition to the …
Persistent link: https://www.econbiz.de/10011051823
Current performance measurement systems consider not only financial measures, like costs and profits, but also non-financial indicators with respect to customer service, quality and flexibility. Using the newsvendor model, we analyse the respective influence of these possibly conflicting...
Persistent link: https://www.econbiz.de/10011051824
This note not only indicates incompleteness of both Theorems 2 and 3 in Teng et al. (2012) [1] but also presents correct modifications for them.
Persistent link: https://www.econbiz.de/10011051864
We consider two independently managed parties, a retailer and a supplier, that are considering either a wholesale or a consignment contract to produce and market a single good. Both parties have an interest in reaching an agreement, but their first choice of contract type are generally not the...
Persistent link: https://www.econbiz.de/10010931250
Companies undertaking operations improvement in supply chains face many alternatives. This work seeks to assist practitioners to prioritize improvement actions by developing analytical expressions for the marginal values of three parameters – (i) lead time mean, (ii) lead time variance, and...
Persistent link: https://www.econbiz.de/10010580779
This paper considers an inventory system with non-instantaneous deteriorating item in which demand rate is a function … optimal inventory and marketing parameters. In contrast to previous inventory models, an arbitrary holding cost rate and …
Persistent link: https://www.econbiz.de/10010580788
This paper proposes a model and solution method for coordinating integrated production and inventory cycles in a whole …
Persistent link: https://www.econbiz.de/10010588307
In this note, we extend Pentico et al. (2011)'s [1] EPQ model where the authors considered two different backordering rates during shortage period; they assumed the backordering rate increases only from the start of production phase. We propose two models that allow the backordering rate to...
Persistent link: https://www.econbiz.de/10010573949
Researchers in the past have established their inventory lot-size models under trade credit financing by assuming that …
Persistent link: https://www.econbiz.de/10010573977