DocumentCode
2805341
Title
Continuous review inventory policy for centralized and decentralized supply chain
Author
Saha, Soumen ; Yuan, Xue-Ming
Author_Institution
Singapore Inst. of Manuf. Technol., Singapore
fYear
2005
fDate
10-12 Aug. 2005
Firstpage
412
Lastpage
418
Abstract
We consider a two-echelon serial supply chain with stochastic demand and fixed lead-times. The inventories at both supplier and retailer stages are replenished based on (Q, R) policies with inventory holding costs and fixed ordering costs. We analyse centralized and decentralized behaviour of the supply chain, and propose the feasible algorithms for the centralized and decentralized solutions, respectively. We also obtain the solutions for Stackelberg games.
Keywords
game theory; inventory management; retailing; stochastic processes; supply chain management; supply chains; Stackelberg games; inventory policy; retailer stage; stochastic demand; supplier stage; supply chain; Algorithm design and analysis; Centralized control; Control systems; Costs; Distributed control; Electronic mail; Manufacturing industries; Stochastic systems; Supply chains; Systems engineering and theory;
fLanguage
English
Publisher
ieee
Conference_Titel
Industrial Informatics, 2005. INDIN '05. 2005 3rd IEEE International Conference on
Print_ISBN
0-7803-9094-6
Type
conf
DOI
10.1109/INDIN.2005.1560412
Filename
1560412
Link To Document