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This paper examines two due-date setting problems first studied by Wein (1991). The first problem seeks to minimize the average due-date lead time (due-date minus arrival date) of jobs subject to a constraint on the fraction of tardy jobs (Problem I) while the second uses the same objective...
Persistent link: https://www.econbiz.de/10009191273
In this paper, we consider a buyer who designs a product and owns the brand, yet outsources the production to a supplier. Both the buyer and the supplier incur quality-related costs, e.g., costs of customer goodwill and future market share loss by the buyer and warranty-related costs shared by...
Persistent link: https://www.econbiz.de/10009197525
Most of the traditional models in production and inventory control ignore the financial states of an organization and can lead to infeasible practices in real systems. This paper is the first attempt to incorporate asset-based financing into production decisions. Instead of setting a known,...
Persistent link: https://www.econbiz.de/10009197537
We consider multiunit Vickrey auctions for procurement in supply chain settings. This is the first paper that incorporates transportation costs into auctions in a complex supply network. We first introduce an auction mechanism that makes simultaneous production and transportation decisions so...
Persistent link: https://www.econbiz.de/10009208484
We consider the planning of production over the infinite horizon in a system with time-varying convex production and inventory holding costs. This production lot size problem is frequently faced in industry where a forecast of future demand must be made and production is to be scheduled based on...
Persistent link: https://www.econbiz.de/10009214894
We present a variant of Karmarkar's algorithm for block-angular structured linear programs, such as stochastic linear programs. By computing the projection efficiently, we give a worst-case bound on the order of the running time that can be an order of magnitude better than that of Karmarkar's...
Persistent link: https://www.econbiz.de/10009208794