Integrated Inventory Model with Lot Size, Production Rate and Lead Time Interactions
Under the assumptions that the stochastic demand during lead time follows a free distribution, the replenishment lead time of a buyer is dependent from both the order lot and the production rate of a vendor, a joint production inventory model is presented in this paper. In terms of the model, an effective mini-max distribution free procedure has been developed to obtain the optimal ordering policy. The numerical examples are employed to validate the solution procedure and analyze the lost and win for acquiring the information on distribution. By contrasting with the independent decision model, the results of numerical examples show that the significant savings can be achieved for the supply chain.
Controllable lead time integrated inventory distribution free mini-maz
Hua-ming Song Hui Yang
School of Economic Management Nanjing University of Science and Technology, P.R.China, 210094
国际会议
The Third International Conference on Operations and Supply Chain Management(第三届运营与供应链管理国际会议)
武汉
英文
149-156
2009-07-28(万方平台首次上网日期,不代表论文的发表时间)