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A generalized algebraic model for optimizing inventory decisions in a multi-stage complex supply chain
In this paper, we deal with more generalized inventory coordination mechanism in an n-stage, multi-customer, non-serial supply chain, where we extend and generalize pervious works that use algebraic methods to optimize this coordinated supply chain. We establish the recursive expressions for this mu...
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| Published in: | Transportation research. Part E, Logistics and transportation review Logistics and transportation review, 2009-05, Vol.45 (3), p.409-418 |
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| Main Authors: | , |
| Format: | Article |
| Language: | English |
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| cited_by | cdi_FETCH-LOGICAL-c516t-6296d0ee3364846790e486a4320251b07ac58165ff04d32440d88cb1693c6da73 |
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| cites | cdi_FETCH-LOGICAL-c516t-6296d0ee3364846790e486a4320251b07ac58165ff04d32440d88cb1693c6da73 |
| container_end_page | 418 |
| container_issue | 3 |
| container_start_page | 409 |
| container_title | Transportation research. Part E, Logistics and transportation review |
| container_volume | 45 |
| creator | Seliaman, M.E. Ahmad, Ab Rahman |
| description | In this paper, we deal with more generalized inventory coordination mechanism in an
n-stage, multi-customer, non-serial supply chain, where we extend and generalize pervious works that use algebraic methods to optimize this coordinated supply chain. We establish the recursive expressions for this multi-variable optimization problem. These expressions are used for the derivation of the optimal replenishment policy and the development of the solution algorithm. Further, we describe a simple procedure that can help in sharing the coordination cost benefits to induce all stages to adopt the inventory coordination mechanism. We provide a numerical example for illustrative purposes. |
| doi_str_mv | 10.1016/j.tre.2008.09.012 |
| format | article |
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| fulltext | fulltext |
| identifier | ISSN: 1366-5545 |
| ispartof | Transportation research. Part E, Logistics and transportation review, 2009-05, Vol.45 (3), p.409-418 |
| issn | 1366-5545 1878-5794 |
| language | eng |
| recordid | cdi_proquest_miscellaneous_903617038 |
| source | ScienceDirect Freedom Collection 2022-2024 |
| subjects | Coordination Inventory management Mathematical models Optimization algorithms Production-inventory models Studies Supply chain integration Supply chain integration Production-inventory models Without derivatives Supply chains Without derivatives |
| title | A generalized algebraic model for optimizing inventory decisions in a multi-stage complex supply chain |
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