Universiti Teknologi Malaysia Institutional Repository

A generalized algebraic model for optimizing inventory decisions in a multi-stage complex supply chain

Seliaman, M. E. and Ahmad, Ab. Rahman (2009) A generalized algebraic model for optimizing inventory decisions in a multi-stage complex supply chain. Transportation Research Part E: Logistics and Transportation Review, 45 (3). pp. 409-418. ISSN 1366-5545

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Official URL: http://dx.doi.org/10.1016/j.tre.2008.09.012

Abstract

n this paper, we deal with more generalized inventory coordination mechanism in an n-stage, multi-customer, non-serial supply chain, where we extend and generalize pervious works that use algebraic methods to optimize this coordinated supply chain. We establish the recursive expressions for this multi-variable optimization problem. These expressions are used for the derivation of the optimal replenishment policy and the development of the solution algorithm. Further, we describe a simple procedure that can help in sharing the coordination cost benefits to induce all stages to adopt the inventory coordination mechanism. We provide a numerical example for illustrative purposes.

Item Type:Article
Uncontrolled Keywords:supply chain integration, production-inventory models, without derivatives
Subjects:H Social Sciences > HD Industries. Land use. Labor > HD28 Management. Industrial Management
Divisions:Computer Science and Information System (Formerly known)
ID Code:11772
Deposited By: Nor Asmida Abdullah
Deposited On:17 Jan 2011 12:31
Last Modified:17 Jan 2011 12:31

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