Title :
Continuous review inventory policy for centralized and decentralized supply chain
Author :
Saha, Soumen ; Yuan, Xue-Ming
Author_Institution :
Singapore Inst. of Manuf. Technol., Singapore
Abstract :
We consider a two-echelon serial supply chain with stochastic demand and fixed lead-times. The inventories at both supplier and retailer stages are replenished based on (Q, R) policies with inventory holding costs and fixed ordering costs. We analyse centralized and decentralized behaviour of the supply chain, and propose the feasible algorithms for the centralized and decentralized solutions, respectively. We also obtain the solutions for Stackelberg games.
Keywords :
game theory; inventory management; retailing; stochastic processes; supply chain management; supply chains; Stackelberg games; inventory policy; retailer stage; stochastic demand; supplier stage; supply chain; Algorithm design and analysis; Centralized control; Control systems; Costs; Distributed control; Electronic mail; Manufacturing industries; Stochastic systems; Supply chains; Systems engineering and theory;
Conference_Titel :
Industrial Informatics, 2005. INDIN '05. 2005 3rd IEEE International Conference on
Print_ISBN :
0-7803-9094-6
DOI :
10.1109/INDIN.2005.1560412
