Optimal production and rationing decisions in supply chains with information sharing

Boray Huang; Seyed M. R. Iravani

doi:10.1016/j.orl.2006.10.010

Optimal production and rationing decisions in supply chains with information sharing

Boray Huang, Seyed M. R. Iravani (Lead / Corresponding author)

University of Dundee School of Business

Research output: Contribution to journal › Article › peer-review

17 Citations (Scopus)

Abstract

This paper considers a two-echelon capacitated supply chain with two non-identical retailers and information sharing. We characterize the optimal inventory policies. We also study the benefits of the optimal stock rationing policy over the first come first served (FCFS) and the modified echelon-stock rationing (MESR) policies.

Original language	English
Pages (from-to)	669-676
Number of pages	8
Journal	Operations Research Letters
Volume	35
Issue number	5
Early online date	4 Jan 2007
DOIs	https://doi.org/10.1016/j.orl.2006.10.010
Publication status	Published - Sep 2007

Keywords

Information sharing
Markov decision process
Production scheduling
Stock rationing
Supply chain

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Cite this

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title = "Optimal production and rationing decisions in supply chains with information sharing",

abstract = "This paper considers a two-echelon capacitated supply chain with two non-identical retailers and information sharing. We characterize the optimal inventory policies. We also study the benefits of the optimal stock rationing policy over the first come first served (FCFS) and the modified echelon-stock rationing (MESR) policies.",

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AB - This paper considers a two-echelon capacitated supply chain with two non-identical retailers and information sharing. We characterize the optimal inventory policies. We also study the benefits of the optimal stock rationing policy over the first come first served (FCFS) and the modified echelon-stock rationing (MESR) policies.

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KW - Markov decision process

KW - Production scheduling

KW - Stock rationing

KW - Supply chain

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Optimal production and rationing decisions in supply chains with information sharing

Abstract

Keywords

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