Inventory Management: Information, Coordination and Rationality
نویسندگان
چکیده
منابع مشابه
Inventory Management: Information, Coordination and Rationality1
The success of a product in today’s global marketplace depends on capabilities of firms in the product’s supply chain. Among these capabilities, effective inventory management is a capability necessary to lead in the global marketplace. The chapter provides a discussion of four fundamentals of effective inventory management. First, it requires managers to know how best to use available informat...
متن کاملCoordination of supply chain inventory systems with private information
Coordination of Supply Chain Inventory Systems with Private Information. (December 2006) Chi-Leung Chu, B.B.A., The Chinese University of Hong Kong; M.B.A., University of New Mexico; M.S., Case Western Reserve University Chair of Advisory Committee: Dr. V. Jorge Leon This dissertation considers the problems of coordinating different supply chain inventory systems with private information under ...
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Inventory management traditionally assumes the precise knowledge of the underlying demand distribution and a risk-neutral manager. New product introduction does not fit this framework because (i) not enough information is available to compute probabilities and (ii) managers are generally risk-averse. In this work, we analyze the value of information for twostage inventory management in a robust...
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In this paper we study a periodic review single item single stage inventory system with stochastic demand. In each time period the system must order none or at least as much as a minimum order quantity Qmin. Since the optimal structure of an ordering policy with a minimum order quantity is complicated, we propose an easy-to-use policy, which we call (R,S,Qmin) policy. Assuming linear holding an...
متن کاملInventory Management with Advance Demand Information and Flexible Delivery
This paper considers inventory models with advance demand information and flexible delivery. Customers place their orders in advance, and delivery is flexible in the sense that early shipment is allowed. Specifically, an order placed at time t by a customer with demand leadtime T should be fulfilled by period t+T ; failure to fulfill it within the time window [t, t+T ] is penalized. We consider...
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ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2009
ISSN: 1556-5068
DOI: 10.2139/ssrn.1351628