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» Optimal Inventory Policy with Two Suppliers
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IOR
2008
89views more  IOR 2008»
13 years 6 months ago
Impulse Control of Brownian Motion: The Constrained Average Cost Case
When a manufacturer places repeated orders with a supplier to meet changing production requirements, he faces the challenge of finding the right balance between holding costs and ...
Melda Ormeci, J. G. Dai, John H. Vande Vate
EOR
2007
93views more  EOR 2007»
13 years 6 months ago
Exact algorithms for procurement problems under a total quantity discount structure
In this paper, we study the procurement problem faced by a buyer who needs to purchase a variety of goods from suppliers applying a so-called total quantity discount policy. This ...
Dries R. Goossens, A. J. T. Maas, Frits C. R. Spie...
ORL
2008
55views more  ORL 2008»
13 years 6 months ago
Policies utilizing tactical inventory for service-differentiated customers
We consider a manufacturer serving two customer classes where one wants the item immediately and the second receives a discount to accept a delay. We show that a (S, R, B) base st...
Serhan Duran, Tieming Liu, David Simchi-Levi, Juli...
WSC
2008
13 years 9 months ago
Supply chain risks analysis by using jump-diffusion model
This paper investigates the effects of demand risk on the performance of supply chain in continuous time setting. The inventory level has been modeled as a jump-diffusion process ...
Xianzhe Chen, Jun Zhang
ANOR
2002
99views more  ANOR 2002»
13 years 6 months ago
An Inventory-Location Model: Formulation, Solution Algorithm and Computational Results
We introduce a distribution center (DC) location model that incorporates working inventory and safety stock inventory costs at the distribution centers. In addition, the model inco...
Mark S. Daskin, Collette R. Coullard, Zuo-Jun Max ...