Name
Title | ||
|---|---|---|
Stochastic models for the coordinated production and shipment problem in a supply chain |
Abstract | ||
|---|---|---|
In this study, we consider the coordination of transportation and production policies between a single supplier and a single retailer in a stochastic environment. The supplier controls the production, holds inventory and ships the products to the retailer to satisfy the external demand. We model the system as a Markov decision process, and show that the optimal production and transportation decisions are complex and non-monotonic. Therefore, we analyze two widely-used shipment policies in the industry as well, namely time-based and quantity-based shipment policies in addition to a hybrid time-and-quantity based shipment policy. We numerically compare the performances of these policies with respect to the optimal policy and analyze the effects of the parameters in the system. |
Year | DOI | Venue |
|---|---|---|
2013 | 10.1016/j.cie.2012.12.012 | Computers & Industrial Engineering |
Keywords | Field | DocType |
markov decision process,single retailer,transportation decision,quantity-based shipment policy,widely-used shipment policy,optimal policy,shipment problem,production policy,single supplier,supply chain,shipment policy,stochastic model,optimal production,logistics,inventory,supply chain management,dynamic programming | Dynamic programming,Mathematical optimization,Markov decision process,Supply chain management,Stochastic modelling,Supply chain,Engineering,Operations management | Journal |
Volume | Issue | ISSN |
64 | 3 | 0360-8352 |
Citations | PageRank | References |
1 | 0.36 | 8 |
Authors | ||
3 | ||
Name | Order | Citations | PageRank |
|---|---|---|---|
| Onur Kaya | 1 | 106 | 13.85 |
| Deniz Kubalı | 2 | 1 | 0.36 |
| Lerzan ÖRmeci | 3 | 17 | 1.72 |