AbstractIn this paper, we deal with more generalized inventory coordination mechanism in an n-stage, multi-customer, non-serial supply chain, where we extend and generalize pervious works that use algebraic methods to optimize this coordinated supply chain. We establish the recursive expressions for this multi-variable optimization problem. These expressions are used for the derivation of the optimal replenishment policy and the development of the solution algorithm. Further, we describe a simple procedure that can help in sharing the coordination cost benefits to induce all stages to adopt the inventory coordination mechanism. We provide a numerical example for illustrative purposes.
A generalized algebraic model for optimizing inventory decisions in a multi-stage complex supply chain
Transportation Research Part E: Logistics and Transportation Review ; 45 , 3 ; 409-418
2008-09-12
10 pages
Article (Journal)
Electronic Resource
English
Optimizing inventory decisions in a multi-stage multi-customer supply chain
Online Contents | 2003
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