Inventory management with advance supply information

被引：24

作者：

Altug, Mehmet Sekip ^{[2
]}

Muharremoglu, Alp ^{[1
]}

机构：

[1] Columbia Univ, Grad Sch Business, Columbia Business Sch, New York, NY 10027 USA

[2] George Washington Univ, Sch Business, Washington, DC 20052 USA

来源：

INTERNATIONAL JOURNAL OF PRODUCTION ECONOMICS | 2011年 / 129卷 / 02期

关键词：

Inventory management; Capacitated systems; Information sharing; LIMITED PRODUCTION CAPACITY; UNCERTAIN DEMANDS; COST CRITERION; MODEL; CHAIN; EVOLUTION;

D O I：

10.1016/j.ijpe.2010.11.005

中图分类号：

T [工业技术];

学科分类号：

08 ;

摘要：

We consider a single stage inventory system with stochastic capacity. The manager receives forecasts from the upstream source about future capacity availability within an information horizon, referred to as "advance supply information". We study two main questions: (i) How can advance supply information be utilized when making replenishment decisions? (ii) What is the value of such information sharing, compared to a fixed base-stock policy? We show that state-dependent base-stock policies are optimal. We develop easily computable and implementable heuristic policies. We numerically test the accuracy of the approximations and analyze the value of collaboration under various business scenarios. (C) 2010 Elsevier B.V. All rights reserved.

引用

页码：302 / 313

页数：12

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