Optimal Policy for Manufacturer in a Supply Chain with Stochastic Demand
An optimal policy is put forward for a supply chain system with uncertain demand, consisting of one supplier, one manufacturer and continuously stochastic demand market. By employing a newsvendor model, this paper builds a mathematic programming and designs an algorithm to obtain the optimal production start time and uptime in the supply chain with timely random demand. It is implied with uncertain demand the optimal production start time is not always the starting point of a cycle. Manufacturing postponement is effective to reduce the total cost.
Tiesong Shen Xunzhi Lu Bingshan Wu
Department of Economics Chongqing Radio &TV University Chongqing 400052, P.R.China College of Business Administration Chongqing University Chongqing 400044, P.R.China
国际会议
三亚
英文
1795-1797
2009-04-24（万方平台首次上网日期，不代表论文的发表时间）