Optimal production and rationing decisions in supply chains with information sharing

B. Huang; Seyed M.R. Iravani

doi:10.1016/j.orl.2006.10.010

Optimal production and rationing decisions in supply chains with information sharing

B. Huang, Seyed M.R. Iravani

Research output: Contribution to journal › Article › Academic › peer-review

20 Citations (Scopus)

Abstract

This paper considers a two-echelon capacitated supply chain with two non-identical retailers and information sharing. We characterize the optimal inventory policies. We also study the benefits of the optimal stock rationing policy over the first come first served (FCFS) and the modified echelon-stock rationing (MESR) policies.

Original language	English
Pages (from-to)	669–676
Journal	Operations Research Letters
Volume	35
Issue number	5
DOIs	https://doi.org/10.1016/j.orl.2006.10.010
Publication status	Published - 2007
Externally published	Yes

Keywords

stock rationing
information sharing
Markov decision process
supply chain
production scheduling

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10.1016/j.orl.2006.10.010

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title = "Optimal production and rationing decisions in supply chains with information sharing",

abstract = "This paper considers a two-echelon capacitated supply chain with two non-identical retailers and information sharing. We characterize the optimal inventory policies. We also study the benefits of the optimal stock rationing policy over the first come first served (FCFS) and the modified echelon-stock rationing (MESR) policies.",

keywords = "stock rationing, information sharing, Markov decision process, supply chain, production scheduling",

author = "B. Huang and Iravani, {Seyed M.R.}",

year = "2007",

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AU - Huang, B.

AU - Iravani, Seyed M.R.

PY - 2007

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AB - This paper considers a two-echelon capacitated supply chain with two non-identical retailers and information sharing. We characterize the optimal inventory policies. We also study the benefits of the optimal stock rationing policy over the first come first served (FCFS) and the modified echelon-stock rationing (MESR) policies.

KW - stock rationing

KW - information sharing

KW - Markov decision process

KW - supply chain

KW - production scheduling

U2 - 10.1016/j.orl.2006.10.010

DO - 10.1016/j.orl.2006.10.010

M3 - Article

SN - 0167-6377

VL - 35

SP - 669

EP - 676

JO - Operations Research Letters

JF - Operations Research Letters

IS - 5

ER -

Optimal production and rationing decisions in supply chains with information sharing

Abstract

Keywords

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