The analysis on lead time hedging on order decision-making in supply chain

Author

Jiangtao, Wang ; Jianjun, Yu ; Ge, Zhang

Author_Institution

Sch. of Bus. Adm., South China Univ. of Technol., Guangzhou, China

Volume

1

fYear

2012

fDate

20-21 Oct. 2012

Firstpage

174

Lastpage

178

Abstract

The lead time hedging comes from the scenario that the retailers prefer to order in advance so that they can satisfy their customer on time, of which cause is the uncertainty of the delivery time. Hence, we consider the lead time hedging as the decision variable for the retailer and present models to compare the optimal lead time hedging on different scenario. Finally, we make a detailer description and comparison the lead time hedging on different derived factor. The results show that the base-delivery wholesale price can urge the retailer to share the information with the manufacture and decrease the lead time hedging.

Keywords

customer satisfaction; decision making; manufacture; order processing; base-delivery wholesale price; customer satisfaction; delivery time uncertainty; lead time hedging; manufacture; order decision-making; retailers; supply chain; Educational institutions; Equations; Lead; Manufacturing; Sensitivity; Supply chains; Uncertainty; delivery time; lead time hedging; optimal decision solution; pricing strategy;

fLanguage

English

Publisher

ieee

Conference_Titel

Information Management, Innovation Management and Industrial Engineering (ICIII), 2012 International Conference on

Conference_Location

Sanya

Print_ISBN

978-1-4673-1932-4

Type

conf

DOI

10.1109/ICIII.2012.6339760

Filename

6339760