Optimal production and rationing decisions in supply chains with information sharing

Boray Huang; Seyed M.R. Iravani

doi:10.1016/j.orl.2006.10.010

Optimal production and rationing decisions in supply chains with information sharing

Boray Huang, Seyed M.R. Iravani^*

^*Corresponding author for this work

Industrial Engineering and Management Sciences

Research output: Contribution to journal › Article › peer-review

16 Scopus citations

Abstract

This paper considers a two-echelon capacitated supply chain with two non-identical retailers and information sharing. We characterize the optimal inventory policies. We also study the benefits of the optimal stock rationing policy over the first come first served (FCFS) and the modified echelon-stock rationing (MESR) policies.

Original language	English (US)
Pages (from-to)	669-676
Number of pages	8
Journal	Operations Research Letters
Volume	35
Issue number	5
DOIs	https://doi.org/10.1016/j.orl.2006.10.010
State	Published - Sep 2007

Keywords

Information sharing
Markov decision process
Production scheduling
Stock rationing
Supply chain

ASJC Scopus subject areas

Software
Management Science and Operations Research
Industrial and Manufacturing Engineering
Applied Mathematics

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10.1016/j.orl.2006.10.010

Cite this

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title = "Optimal production and rationing decisions in supply chains with information sharing",

abstract = "This paper considers a two-echelon capacitated supply chain with two non-identical retailers and information sharing. We characterize the optimal inventory policies. We also study the benefits of the optimal stock rationing policy over the first come first served (FCFS) and the modified echelon-stock rationing (MESR) policies.",

keywords = "Information sharing, Markov decision process, Production scheduling, Stock rationing, Supply chain",

author = "Boray Huang and Iravani, {Seyed M.R.}",

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AB - This paper considers a two-echelon capacitated supply chain with two non-identical retailers and information sharing. We characterize the optimal inventory policies. We also study the benefits of the optimal stock rationing policy over the first come first served (FCFS) and the modified echelon-stock rationing (MESR) policies.

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KW - Markov decision process

KW - Production scheduling

KW - Stock rationing

KW - Supply chain

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JO - Operations Research Letters

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Optimal production and rationing decisions in supply chains with information sharing

Abstract

Keywords

ASJC Scopus subject areas

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