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
Link To Document :
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