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Optimizing inventory decisions in a multi-stage supply chain under stochastic demands

In this paper we consider the case of a three-stage non-serial supply chain system. This supply chain system involves suppliers, manufactures, and retailers. Production and inventory decisions are made at the suppliers and manufactures levels. The production rates for the suppliers and manufactures...

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Main Authors: Seliaman, M. E., Ahmad, A. R.
格式: Article
出版: Elsevier BV 2008
主题:
QA75 Electronic computers. Computer science
在线阅读:http://eprints.utm.my/id/eprint/12709/
http://dx.doi.org/10.1016/j.amc.2008.05.057
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spelling my.utm.127092011-06-23T13:25:41Z http://eprints.utm.my/id/eprint/12709/ Optimizing inventory decisions in a multi-stage supply chain under stochastic demands Seliaman, M. E. Ahmad, A. R. QA75 Electronic computers. Computer science In this paper we consider the case of a three-stage non-serial supply chain system. This supply chain system involves suppliers, manufactures, and retailers. Production and inventory decisions are made at the suppliers and manufactures levels. The production rates for the suppliers and manufactures are assumed finite. In addition the demand at each end retailer is assumed to be stochastic. The problem is to coordinate production and inventory decisions across the supply chain so that the total cost of the system is minimized. For this purpose, we develop a model to deal with different inventory coordination mechanisms between the chain members. We present a numerical example for illustrative purposes. Elsevier BV 2008-10-15 Article PeerReviewed Seliaman, M. E. and Ahmad, A. R. (2008) Optimizing inventory decisions in a multi-stage supply chain under stochastic demands. Applied Mathematics and Computation , 206 (2). 538 -542. ISSN 0096-3003 http://dx.doi.org/10.1016/j.amc.2008.05.057 doi:10.1016/j.amc.2008.05.057
institution Universiti Teknologi Malaysia
building UTM Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Teknologi Malaysia
content_source UTM Institutional Repository
url_provider http://eprints.utm.my/
topic QA75 Electronic computers. Computer science
spellingShingle QA75 Electronic computers. Computer science
Seliaman, M. E.
Ahmad, A. R.
Optimizing inventory decisions in a multi-stage supply chain under stochastic demands
description In this paper we consider the case of a three-stage non-serial supply chain system. This supply chain system involves suppliers, manufactures, and retailers. Production and inventory decisions are made at the suppliers and manufactures levels. The production rates for the suppliers and manufactures are assumed finite. In addition the demand at each end retailer is assumed to be stochastic. The problem is to coordinate production and inventory decisions across the supply chain so that the total cost of the system is minimized. For this purpose, we develop a model to deal with different inventory coordination mechanisms between the chain members. We present a numerical example for illustrative purposes.
format Article
author Seliaman, M. E.
Ahmad, A. R.
author_facet Seliaman, M. E.
Ahmad, A. R.
author_sort Seliaman, M. E.
title Optimizing inventory decisions in a multi-stage supply chain under stochastic demands
title_short Optimizing inventory decisions in a multi-stage supply chain under stochastic demands
title_full Optimizing inventory decisions in a multi-stage supply chain under stochastic demands
title_fullStr Optimizing inventory decisions in a multi-stage supply chain under stochastic demands
title_full_unstemmed Optimizing inventory decisions in a multi-stage supply chain under stochastic demands
title_sort optimizing inventory decisions in a multi-stage supply chain under stochastic demands
publisher Elsevier BV
publishDate 2008
url http://eprints.utm.my/id/eprint/12709/
http://dx.doi.org/10.1016/j.amc.2008.05.057
_version_ 1643646019783622656
score 13.154905

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