• DocumentCode
    428809
  • Title

    A supply chain model using market-oriented programming to an inventory management strategy in consideration of lead time

  • Author

    Shimada, Kiyotaka ; Miyamoto, Toshiyuki ; Kumagai, Sadatoshi

  • Author_Institution
    Dept. of Electr. Eng., Osaka Univ., Japan
  • Volume
    5
  • fYear
    2004
  • fDate
    10-13 Oct. 2004
  • Firstpage
    4503
  • Abstract
    We propose a supply chain model using market-oriented programming in consideration of inventory cost and time for delivery. By introducing inventory cost, surplus inventory causes a loss. Furthermore, by considering time for delivery, this model comes to be able to simulate with a broad range of strategies: a) expanding sales instead of having many stocks, b) reducing the uncertainty of demand forecasting, c) decreasing stock, and so on. Finally, we will evaluate inventory management strategies by using our proposed model.
  • Keywords
    demand forecasting; inventory management; lead time reduction; supply chain management; demand forecasting; inventory cost; inventory management strategy; lead time; market-oriented programming; supply chain model; Companies; Costs; Dynamic programming; Inventory management; Manufacturing; Marketing and sales; Production; Resource management; Supply chain management; Supply chains;
  • fLanguage
    English
  • Publisher
    ieee
  • Conference_Titel
    Systems, Man and Cybernetics, 2004 IEEE International Conference on
  • ISSN
    1062-922X
  • Print_ISBN
    0-7803-8566-7
  • Type

    conf

  • DOI
    10.1109/ICSMC.2004.1401241
  • Filename
    1401241