Two-product inventory management with fixed costs and supply uncertainty
نویسندگان
چکیده
منابع مشابه
Periodic Review Inventory Management with Contingent Use of Two Freight Modes with Fixed Costs
We study a stochastic inventory model of a firm, that sources the product from a make-to-order manufacturer, and can ship orders by a combination of two freight modes. The two freight modes differ in lead-times, and each has a fixed and a quantity proportional cost for each use. The ordering decisions are made periodically; however, the inventory holding and back-order penalty costs are incurre...
متن کاملUncertainty in Supply Chain Inventory Management: A Fuzzy Approach
Inventory represents from twenty to sixty percent of most manufacturing firms' total assets. Inventory management policies can thus prove critical in drawing the profits of such firms (Arnold, 1998) and their relevance clearly increase when Supply Chains (SCs) rather than single firms are considered. Inventory management is in fact a major issue in Supply Inventory decisions are often made inde...
متن کاملA multi-product green supply chain under government supervision with price and demand uncertainty
In this paper, a bi-level game-theoretic model is proposed to investigate the effects of governmental financial intervention on green supply chain. This problem is formulated as a bi-level program for a green supply chain that produces various products with different environmental pollution levels. The problem is also regard uncertainties in market demand and sale price of raw materials and pro...
متن کاملContinuous Review Inventory Model with Dynamic Choice of Two Freight Modes with Fixed Costs
We analyze a continuous review stochastic inventory model in which orders placed with a make-to-order manufacturer can be shipped via two alternative freight modes differing in lead-time and costs. The costs of placing an order and using each freight mode exhibit economies of scale. We derive an optimal policy for utilizing the two freight modes for shipping each order. This freight mode decisi...
متن کاملOptimal inventory management with supply backordering
We study the inventory control problem of a retailer working under stochastic demand and stochastic limited supply. We assume that the unfilled part of the retailer's order is fully backordered at the supplier and replenished with certainty in the following period. As it may not always be optimal for the retailer to replenish the backordered supply, we also consider the setting in which the ret...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: Applied Mathematical Modelling
سال: 2014
ISSN: 0307-904X
DOI: 10.1016/j.apm.2014.03.018