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Information-sharing 1 Markov Decision Process 1 Production/availability policy 1 Supply chain management 1
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Chao, Gary H. 1
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European Journal of Operational Research 1
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Production and availability policies through the Markov Decision Process and myopic methods for contractual and selective orders
Chao, Gary H. - In: European Journal of Operational Research 225 (2013) 3, pp. 383-392
In this paper, we consider a supply chain with one manufacturer, one retailer, and some online customers. In addition to supplying the retailer, manufacturers may selectively take orders from individuals online. Through the Markov Decision Process, we explore the optimal production and...
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