Inventory and Production Dynamics in a Discrete-Time Vendor-Managed Inventory Supply Chain System
Joint Authors
Wei, Yongchang
Chen, Fangyu
Wang, Hongwei
Source
Discrete Dynamics in Nature and Society
Issue
Vol. 2018, Issue 2018 (31 Dec. 2018), pp.1-15, 15 p.
Publisher
Hindawi Publishing Corporation
Publication Date
2018-09-19
Country of Publication
Egypt
No. of Pages
15
Main Subjects
Abstract EN
This paper presents some analytical results on production and order dynamics in the context of a discrete-time VMI supply chain system composed of one retailer and one manufacturer.
We firstly derive the lower bound and upper bound on the range of inventory fluctuations for the retailer under unknown demand.
We prove that the production fluctuations can be interestingly smoothed and stabilized independent of the delivery frequency of the manufacturer used to satisfy the retailer’s demand, even if the retailer subsystem is unstable.
The sufficient and necessary stability condition for the whole supply chain system is obtained.
To further explore the production fluctuation problem, the bullwhip effect under unknown demand is explored based on a transfer function model with the purpose of disclosing the influences of parameters on production fluctuations.
Finally, simulation experiments are used to validate the theoretical results with respect to inventory and production fluctuations.
American Psychological Association (APA)
Wei, Yongchang& Chen, Fangyu& Wang, Hongwei. 2018. Inventory and Production Dynamics in a Discrete-Time Vendor-Managed Inventory Supply Chain System. Discrete Dynamics in Nature and Society،Vol. 2018, no. 2018, pp.1-15.
https://search.emarefa.net/detail/BIM-1152729
Modern Language Association (MLA)
Wei, Yongchang…[et al.]. Inventory and Production Dynamics in a Discrete-Time Vendor-Managed Inventory Supply Chain System. Discrete Dynamics in Nature and Society No. 2018 (2018), pp.1-15.
https://search.emarefa.net/detail/BIM-1152729
American Medical Association (AMA)
Wei, Yongchang& Chen, Fangyu& Wang, Hongwei. Inventory and Production Dynamics in a Discrete-Time Vendor-Managed Inventory Supply Chain System. Discrete Dynamics in Nature and Society. 2018. Vol. 2018, no. 2018, pp.1-15.
https://search.emarefa.net/detail/BIM-1152729
Data Type
Journal Articles
Language
English
Notes
Includes bibliographical references
Record ID
BIM-1152729