Incentives through inventory control in supply chains

Incentives in Multi-Indenture Service Supply Chains

In recent years, performance-based contracting (PBC) has emerged as an e¤ective means to align the incentives of the …rms engaged in after-sales repair and maintenance services of highvalued and customized products, such as industrial equipment and aircraft. In particular, PBC has proved to promote improvement of product reliability, an important determinant of product performance. However, idi...

Dynamic balancing of inventory in supply chains

We consider the dynamic version of the classic problem of allocation of inventories to a set of retailers to rectify the imbalance of inventories amongst them. While most research is focussed on analyzing different allocation strategies with a predetermined time of shipment (static policy), we investigate the benefit of using real time demand (inventory) information to schedule rebalancing ship...

Positioning Inventory in Clinical Trial Supply Chains

As a result of slow patient recruitment and high patient costs in the United States, clinical trials are increasingly going global. While recruitment efforts benefit from a larger global footprint, the supply chain has to work harder at getting the right drug supply, to the right place, at the right time. Certain clinical trial supply chains, especially those supplying biologics, have a combina...

Inventory Resonances in Multi-echelon Supply Chains

We consider multi-echelon supply chains, typically consisting of retailer, distributor, manufacturer, etc. The inventory of each actor is subject to its own delay in delivery time, and each chooses its own inventory replenishment strategy. We model this interaction with a system of linear differential delay equations. When put in matrix form the system is triangular and we derive an exact solut...

Inventory Positioning in Multiple Product Supply Chains