A supply chain with a service requirement for each market signal
文献类型:期刊论文
作者 | Sethi, Suresh P.; Yan, Houmin; Zhang, Hanqin![]() |
刊名 | PRODUCTION AND OPERATIONS MANAGEMENT
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出版日期 | 2007-05-01 |
卷号 | 16期号:3页码:322-342 |
关键词 | supply chain information update customer service level dynamic programming |
ISSN号 | 1059-1478 |
英文摘要 | We study a single-period two-stage service-constrained supply chain with an information update. The buyer has two procurement opportunities with the second one after observing a market signal, which updates the demand forecast. He also commits to a service level after observing the market signal. We derive his optimal ordering decisions and show that the critical market signal, the optimal first-stage order quantity, and the optimal expected profit are monotone with respect to the target service level. We also discuss the impact of the forecast quality on the optimal decisions. We show that the optimal first-stage order quantity may not be monotone with respect to information accuracy, as is in the case without the service constraint. In addition, we extend our analysis to the situation when an order cancellation is allowed upon the observation of the market signal. We also compare the results obtained for the problems with and without an order cancelation. Finally, we discuss the supply chain coordination issue and find that a buyback contract can also coordinate the supply chain in the presence of the service constraint. |
WOS研究方向 | Engineering ; Operations Research & Management Science |
语种 | 英语 |
WOS记录号 | WOS:000247740000004 |
出版者 | WILEY-BLACKWELL |
源URL | [http://ir.amss.ac.cn/handle/2S8OKBNM/4664] ![]() |
专题 | 应用数学研究所 |
通讯作者 | Sethi, Suresh P. |
作者单位 | 1.Univ Texas, Sch Management, Richardson, TX 75083 USA 2.Chinese Univ Hong Kong, Dept Syst Engn & Engn Management, Hong Kong, Hong Kong, Peoples R China 3.Acad Sinica, Inst Appl Math, Acad Math & Syst Sci, Beijing 100080, Peoples R China 4.Univ N Carolina, Belk Coll Business, Charlotte, NC 28223 USA |
推荐引用方式 GB/T 7714 | Sethi, Suresh P.,Yan, Houmin,Zhang, Hanqin,et al. A supply chain with a service requirement for each market signal[J]. PRODUCTION AND OPERATIONS MANAGEMENT,2007,16(3):322-342. |
APA | Sethi, Suresh P.,Yan, Houmin,Zhang, Hanqin,&Zhou, Jing.(2007).A supply chain with a service requirement for each market signal.PRODUCTION AND OPERATIONS MANAGEMENT,16(3),322-342. |
MLA | Sethi, Suresh P.,et al."A supply chain with a service requirement for each market signal".PRODUCTION AND OPERATIONS MANAGEMENT 16.3(2007):322-342. |
入库方式: OAI收割
来源:数学与系统科学研究院
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