Inventory Decisions for an Assemble-To-Order System with Two Ordering Opportunities and Multiple Transportation Modes
We consider inventory decision for an assemble-toorder system with two ordering opportunities and a one-time uncertain demand. The manufacturer can place her first order of the components ahead of demand realization with relatively lower prices. The second emergent order can be placed with relatively higher prices after demand is realized in case of component shortages. There are a number of lead times for each component representing different transportation modes for the second order. The manufacturer has to choose the one that best balance the time and cost tradeoff. We formulate the problem as a stochastic programming problem. We further consider a simpler version with a single component and multiple lead times. We propose several structural properties and a decompose algorithm to solve the problem efficiently.
assemble-to-order system component procurement lead times demand uncertainty
Ke Fu
Lingnan College,Sun Yat-sen University,Guangzhou 510275,China
国际会议
2009 6th International Conference on Service Systems and Service Management( 2009 第六届服务系统与服务管理国际会议)
厦门
英文
827-830
2009-06-08(万方平台首次上网日期,不代表论文的发表时间)