DocumentCode
428765
Title
The value of asset visibility in the supply chain single and dual source models
Author
Luedtke, James R. ; White, Chelsea C., III
Author_Institution
Georgia Inst. of Technol., Atlanta, GA, USA
Volume
5
fYear
2004
fDate
10-13 Oct. 2004
Firstpage
4189
Abstract
We investigate the value of asset visibility in two inventory ordering models. The first model is a basic single source model, and we use a previous result to show that in this case asset visibility does not reduce costs. We then generalize this model to include a second supply option and show that if decisions are made optimally and asset visibility can add value. We apply these results to an application in which random security inspections are introduced in the supply chain.
Keywords
optimisation; stock control; supply chains; asset visibility value; inventory ordering models; random security inspections; supply chain; Asset management; Inspection; Inventory control; Inventory management; Investments; Security; Stochastic processes; Supply chain management; Supply chains;
fLanguage
English
Publisher
ieee
Conference_Titel
Systems, Man and Cybernetics, 2004 IEEE International Conference on
ISSN
1062-922X
Print_ISBN
0-7803-8566-7
Type
conf
DOI
10.1109/ICSMC.2004.1401188
Filename
1401188
Link To Document