Showing 1 - 10 of 29
Persistent link: https://www.econbiz.de/10005158692
We consider a supply chain in which orders and lead times are linked endogenously, as opposed to assuming lead times are exogenous. This assumption is relevant when a retailer’s orders are produced by a supplier with finite capacity and replenished when the order is completed. The retailer...
Persistent link: https://www.econbiz.de/10010738131
Traditionally, lot sizing decisions in inventory management trade-off the cost of placing orders against the cost of holding inventory. However, when these lot sizes are to be produced in a finite capacity production/inventory system, the lot size has an important impact on the lead times, which...
Persistent link: https://www.econbiz.de/10010906471
We provide a novel approach to characterize the order process of continuous review (s,S) and (r,nQ) inventory policies, and study the impact of the batching parameter (the value of Q or S-s) on the variability in the order process. First, we characterize the distribution of the time between...
Persistent link: https://www.econbiz.de/10010753516
A major cause of supply chain deficiencies is the bullwhip effect. Supply chain managers experience this variance amplification in both inventory levels and replenishment orders. In this paper, we analyse a major cause of the bullwhip effect, namely the classical Order-Up-To (OUT) policy and...
Persistent link: https://www.econbiz.de/10005754439
A major cause of supply chain deficiencies is the bullwhip effect. Supply chain managers experience this variance amplification in both inventory levels and replenishment orders. In this paper, we analyse a major cause of the bullwhip effect, namely the classical Order-Up-To (OUT) policy and...
Persistent link: https://www.econbiz.de/10008563603
In this review we focus on supply coordination and use the bullwhip effect as the key example of supply chain inefficiency. We emphasize the managerial relevance of the bullwhip effect and the methodological issues so that both managers and researchers can benefit.
Persistent link: https://www.econbiz.de/10010693722
In this paper we introduce the adaptive MMAP[K] arrival process and analyze the adaptive MMAP[K]/PH[K]/1 queue. In such a queueing system, customers of K different types with Markovian inter-arrival times and possibly correlated customer types, are fed to a single server queue that makes use of...
Persistent link: https://www.econbiz.de/10011052734
Persistent link: https://www.econbiz.de/10010839990
Spicer Off-Highway Products Division (a division of Dana Corporation) asked us to develop OR tools to improve the due date performance and to shorten the manufacturing lead time of its powershift transmission plant in Brugge, Belgium. We modelled the manufacturing system as a queueing model, and...
Persistent link: https://www.econbiz.de/10005588076