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Profit Allocation, Decision Sequence and Compliance Aspects of Coordinating Contracts : A Retrospect

Lu, Meng; Sethi, Suresh; Xie, Yangyang; Yan, Houmin - 2020

Coordinating contracts have been extensively researched in supply chain management. In this retrospect, we systematically review the profit allocation, decision sequence, and compliance aspects of these contracts. In addition to the existing concepts in the literature, we propose the notion of...

Persistent link: https://www.econbiz.de/10014100798

Scheduling in Production, Supply Chain and Industry 4.0 Systems by Optimal Control : Fundamentals, State-of-the-Art, and Applications

Ivanov, Dmitry - 2020

Specific scheduling problems with complex hybrid logical and terminal constraints, non-stationarity in process execution as well as complex interrelations between dynamics in process design, capacity utilization, and machine setups require further investigation and the application of a broad...

Persistent link: https://www.econbiz.de/10012846529

A Stationary Infinite-Horizon Supply Contract under Asymmetric Inventory Information

Bensoussan, Alain; Sethi, Suresh; Wang, Shouqiang - 2022

information about his inventory in each period and the supplier offers him a supply contract menu to account for the information … asymmetry. We develop a novel framework of a long-term stationary truth-telling contract that requires the supplier to form a … level in each period. We obtain a necessary condition for the optimality of such a contract. We specialize the necessary …

Persistent link: https://www.econbiz.de/10013307392

Supply Chain Redesign to Reduce Safety Stock Levels : Sequencing and Merging Operations

Yan, Houmin - 2020

We investigate the impact of the process of manufacturing and distribution on the safety stock levels in a supply chain. A pipeline hedging method is used to derive a model for estimating the safety stock levels. We propose methods and guidelines to redesign the manufacturing and distribution...

Persistent link: https://www.econbiz.de/10012837498

Purchase Contract Management with Demand Forecast Updates

Huang, Hongyan - 2020

We study a two-stage purchase contract with a demand forecast update. The purchase contract provides the buyer an … decisions regarding where to allocate efforts in improving the forecast quality and whether or not to sign a contract …

Persistent link: https://www.econbiz.de/10012837583

Relationship-Specific Investment and Hold-Up Problems in Supply Chains : Theory and Experiments

Haruvy, Ernan - 2020

Supply chains today routinely use third parties for many strategic activities, such as manufacturing, R&D, or software development. These activities often include relationship-specific investment on the part of the vendor, while final outcomes can be uncertain. Therefore, writing complete...

Persistent link: https://www.econbiz.de/10012838809

Computation of Approximate Optimal Policies in a Partially Observed Inventory Model With Rain Checks

Bensoussan, Alain - 2020

This paper proposes a new methodology to solve partially observed inventory problems. Generally, these problems have infinite dimensional states that are conditional distribution of the inventory level. Our methodology involves linearizing the state transitions via unnormalized probabilities. It...

Persistent link: https://www.econbiz.de/10012846527

Average-Cost Optimality of a Base-Stock Policy for a Multi-Product Inventory Model with Limited Storage

Beyer, Dirk - 2020

We consider a stochastic multi-product inventory model with a ware-housing constraint with the objective of minimizing the expected long-run average cost. Using the vanishing discount approach, a dynamic programming equation and the corresponding verification result are established. The...

Persistent link: https://www.econbiz.de/10012836963

Managing with Incomplete Inventory Information

Sethi, Suresh - 2020

A critical assumption in the vast literature on inventory management has been that the current level of inventory is known to the decision maker. Some of the most celebrated results such as the optimality of base-stock policies have been obtained under this assumption. Yet it is often the case...

Persistent link: https://www.econbiz.de/10012838110

Optimal Batch Ordering Over a Finite Planning Horizon

Alsuwainea, Abdullah O. - 2020

This paper is concerned with finding an optimal inventory policy for a finite horizon, two-stage inventory model. In this model, products may be manufactured in two stages. The first stage uses raw material from an external supplier and the second stage uses raw material from defective items...

Persistent link: https://www.econbiz.de/10012838117