Paper Info
Title
Research on Joint Strategy of Inventory for Production Disruption
Abstract
Under the consideration of stochastic demand and affected probability of a single enterprise within the alliance after the production disruptions, this paper based on the idea of joint inventory management, puts forward an improved inventory model, the joint emergency strategy inventory model, which is in order to decrease the inventory cost after the production disruptions. This paper builds an inventory costs function to deal with the risk of production disruptions of an independent enterprise and an inventory cost function of individual enterprise within the alliance. And from the analysis of the two cost functions, this paper concludes that the joint emergency strategy inventory model has bigger advantages in inventory costs. Finally, through specific examples, this paper analyzes the both expected costs of the independent enterprise and the individual enterprise within the alliance under the probability of different supply chain emergencies, and further validates the advantages of the joint emergency strategy inventory model.
Year
DOI
Venue
2014
10.1109/CSO.2014.69
CSO
Keywords
Field
DocType
inventory strategy,stochastic processes,inventory management,inventory cost function,supply chain management,single enterprise,joint emergency strategy,cost accounting,joint inventory management,stochastic demand,affected probability,strategic alliance,joint strategy,supply chain emergencies,production disruptions,production disruptions, strategic alliance, joint emergency strategy, inventory strategy,probability,production disruption,supply chains,cost function
Mathematical optimization,Strategic alliance,Alliance,Inventory theory,Computer science,Operations research,Stochastic process,Supply chain,Inventory cost,Operations management
Conference
ISSN
Citations 
PageRank 
2158-799X
0
0.34
References 
Authors
2
4
Name
Order
Citations
PageRank
Jiaguo Liu162.46
Jiang Xing He200.34
Shi Gao Wei300.34
Jinlou Zhao403.04