Optimal Ordering Policy and Coordination Mechanism of a Supply Chain with Controllable Lead-Time-Dependent Demand Forecast
Joint Authors
Song, Hua-Ming
Yang, Hui
Luo, Jian-Qiang
Source
Mathematical Problems in Engineering
Issue
Vol. 2011, Issue 2011 (31 Dec. 2011), pp.1-24, 24 p.
Publisher
Hindawi Publishing Corporation
Publication Date
2011-09-07
Country of Publication
Egypt
No. of Pages
24
Main Subjects
Abstract EN
This paper investigates the ordering decisions and coordination mechanism for a distributed short-life-cycle supply chain.
The objective is to maximize the whole supply chain's expected profit and meanwhile make the supply chain participants achieve a Pareto improvement.
We treat lead time as a controllable variable, thus the demand forecast is dependent on lead time: the shorter lead time, the better forecast.
Moreover, optimal decision-making models for lead time and order quantity are formulated and compared in the decentralized and centralized cases.
Besides, a three-parameter contract is proposed to coordinate the supply chain and alleviate the double margin in the decentralized scenario.
In addition, based on the analysis of the models, we develop an algorithmic procedure to find the optimal ordering decisions.
Finally, a numerical example is also presented to illustrate the results.
American Psychological Association (APA)
Song, Hua-Ming& Yang, Hui& Luo, Jian-Qiang. 2011. Optimal Ordering Policy and Coordination Mechanism of a Supply Chain with Controllable Lead-Time-Dependent Demand Forecast. Mathematical Problems in Engineering،Vol. 2011, no. 2011, pp.1-24.
https://search.emarefa.net/detail/BIM-513674
Modern Language Association (MLA)
Song, Hua-Ming…[et al.]. Optimal Ordering Policy and Coordination Mechanism of a Supply Chain with Controllable Lead-Time-Dependent Demand Forecast. Mathematical Problems in Engineering No. 2011 (2011), pp.1-24.
https://search.emarefa.net/detail/BIM-513674
American Medical Association (AMA)
Song, Hua-Ming& Yang, Hui& Luo, Jian-Qiang. Optimal Ordering Policy and Coordination Mechanism of a Supply Chain with Controllable Lead-Time-Dependent Demand Forecast. Mathematical Problems in Engineering. 2011. Vol. 2011, no. 2011, pp.1-24.
https://search.emarefa.net/detail/BIM-513674
Data Type
Journal Articles
Language
English
Notes
Includes bibliographical references
Record ID
BIM-513674