Integrated Production, Inventory and Pricing Decisions in Two-Echelon Supply Chains PDF Download
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Author: Changyuan Yan
Publisher:
ISBN:
Category : Business logistics
Languages : en
Pages : 288
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Book Description
This thesis investigates the optimal decisions for maximizing the expected profit level of a supply chain when market demand is price-sensitive. We examine two-echelon supply chains consisting of a single manufacturer and one or more retailers, where the organizations simultaneously determine the retail price, production lot size and inventory replenishment schedules to maximize the profit of the entire supply chain. In particular, we first develop a model for singlemanufacturer single-retailer (SMSR) supply chains, assuming deterministic market demand. We then extend the SMSR model to supply chains with multiple-retailers (i.e. SMMR supply chains). Finally, we examine both SMSR and SMMR supply chains in stochastic market demand environments. We show that supply chain cooperation/centralization brings higher profits for the manufacturer and the retailer(s), and benefits retail consumers with a lower retail price. We propose efficient algorithms for our models and illustrate them through numerical examples. Managerial implications and future research directions are also discussed.
Author: Changyuan Yan
Publisher:
ISBN:
Category : Business logistics
Languages : en
Pages : 288
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Book Description
This thesis investigates the optimal decisions for maximizing the expected profit level of a supply chain when market demand is price-sensitive. We examine two-echelon supply chains consisting of a single manufacturer and one or more retailers, where the organizations simultaneously determine the retail price, production lot size and inventory replenishment schedules to maximize the profit of the entire supply chain. In particular, we first develop a model for singlemanufacturer single-retailer (SMSR) supply chains, assuming deterministic market demand. We then extend the SMSR model to supply chains with multiple-retailers (i.e. SMMR supply chains). Finally, we examine both SMSR and SMMR supply chains in stochastic market demand environments. We show that supply chain cooperation/centralization brings higher profits for the manufacturer and the retailer(s), and benefits retail consumers with a lower retail price. We propose efficient algorithms for our models and illustrate them through numerical examples. Managerial implications and future research directions are also discussed.
Author: Karl G Kempf
Publisher: Springer Science & Business Media
ISBN: 1441981918
Category : Business & Economics
Languages : en
Pages : 592
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Book Description
In two volumes, Planning Production and Inventories in the Extended Enterprise: A State of the Art Handbook examines production planning across the extended enterprise against a backdrop of important gaps between theory and practice. The early chapters describe the multifaceted nature of production planning problems and reveal many of the core complexities. The middle chapters describe recent research on theoretical techniques to manage these complexities. Accounts of production planning system currently in use in various industries are included in the later chapters. Throughout the two volumes there are suggestions on promising directions for future work focused on closing the gaps. Included in Volume 1 are papers on the Historical Foundations of Manufacturing Planning and Control; Advanced Planning and Scheduling Systems; Sustainable Product Development and Manufacturing; Uncertainty and Production Planning; Demand Forecasting; Production Capacity; Data in Production and Supply Chain Planning; Financial Uncertainty in SC Models; Field Based Research in Production Control; Collaborative SCM; Sequencing and Coordination in Outsourcing and Subcontracting Operations; Inventory Management; Pricing, Variety and Inventory Decisions for Substitutable Items; Perishable and Aging Inventories; Optimization Models of Production Planning Problems; Aggregate Modeling of Manufacturing Systems; Robust Stability Analysis of Decentralized Supply Chains; Simulation in Production Planning; and Simulation-Optimization in Support of Tactical and Strategic Enterprise Decisions. Included in Volume 2 are papers on Workload and Lead-Time Considerations under Uncertainty; Production Planning and Scheduling; Production Planning Effects on Dynamic Behavior of A Simple Supply Chain; Supply and Demand in Assemble-to-Order Supply Chains; Quantitative Risk Assessment in Supply Chains; A Practical Multi-Echelon Inventory Model with Semiconductor Application; Supplier Managed Inventory for Custom Items with Long Lead Times; Decentralized Supply Chain Formation; A Cooperative Game Approach to Procurement Network Formation; Flexible SC Contracts with Options; Build-to-Order Meets Global Sourcing for the Auto Industry; Practical Modeling in Automotive Production; Discrete Event Simulation Models; Diagnosing and Tuning a Statistical Forecasting System; Enterprise-Wide SC Planning in Semiconductor and Package Operations; Production Planning in Plastics; SC Execution Using Predictive Control; Production Scheduling in The Pharmaceutical Industry; Computerized Scheduling for Continuous Casting in Steelmaking; and Multi-Model Production Planning and Scheduling in an Industrial Environment.
Author: Feng Tian
Publisher:
ISBN:
Category :
Languages : en
Pages : 232
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Book Description
Abstract: Advanced planning and scheduling (APS) has been implemented in major corporations for over twenty years. In comparison, multi-echelon inventory optimization systems (IOS) are still at an earlier point in their adoption cycle. The adoption of inventory optimization will create the opportunity to jointly solve the production and inventory problem, enabling planners to bring model-based results to a revised sales, inventory, and operations process. Traditionally, APS and IOS are considered belong to difference planning layers and are solved independently. APS systems are every day use operational planning tool, and generally assume deterministic demand and assign a linear penalty cost for both demand and inventory shortfalls. While resource capacity is always taken into consideration in APS systems, managing uncertainty is beyond its capability. On the other hand, IOS is taken as part of the tactical planning and has long been developed to treat the demand uncertainty. But current development always sacrifices some system complexity, such as capacity constraint. Hierarchical decision making and monolithic model are the two approaches exist to solve the production-inventory problems. However, the hierarchical approach does not guarantee the solution of top-level aggregate model can generate a feasible disaggregation for the item-level problem. Most of current monolithic models still lack the capability to handle the safety stock issue in a general planning system. This research formulates the integrated production-inventory problem faced in a semiconductor supply chain. The emphasis of our work is on finding practical solutions to support planners making production and inventory decisions as part of their operation planning process. Our work will start with iteratively solving two known optimization problems: a production planning optimization and a multi-echelon inventory optimization. While this iterative approach can admittedly produce a suboptimal solution, it represents a good start to understand the correlation of the inventory optimization problem and the production planning problem. Then we will work on an integrated model that optimizes inventory and production planning problems simultaneously. While the problem context is one major semiconductor manufacturer, and semiconductor manufacturing does have domain-specific nuances, our resulting formulation is general enough to apply to any discrete-parts manufacturing operation.
Author: Faruk Y?lmaz, Ömer
Publisher: IGI Global
ISBN: 1522529454
Category : Business & Economics
Languages : en
Pages : 480
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Book Description
Today’s manufacturing systems are undergoing significant changes in the aspects of planning, production execution, and delivery. It is imperative to stay up-to-date on the latest trends in optimization to efficiently create products for the market. The Handbook of Research on Applied Optimization Methodologies in Manufacturing Systems is a pivotal reference source including the latest scholarly research on heuristic models for solving manufacturing and supply chain related problems. Featuring exhaustive coverage on a broad range of topics such as assembly ratio, car sequencing, and color constraints, this publication is ideally designed for practitioners seeking new comprehensive models for problem solving in manufacturing and supply chain management.
Author: Biswajit Sarkar
Publisher: MDPI
ISBN: 303928522X
Category : Technology & Engineering
Languages : en
Pages : 618
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Book Description
The evolution of industrial development since the 18th century is now experiencing the fourth industrial revolution. The effect of the development has propagated into almost every sector of the industry. From inventory to the circular economy, the effectiveness of technology has been fruitful for industry. The recent trends in research, with new ideas and methodologies, are included in this book. Several new ideas and business strategies are developed in the area of the supply chain management, logistics, optimization, and forecasting for the improvement of the economy of the society and the environment. The proposed technologies and ideas are either novel or help modify several other new ideas. Different real life problems with different dimensions are discussed in the book so that readers may connect with the recent issues in society and industry. The collection of the articles provides a glimpse into the new research trends in technology, business, and the environment.
Author: Hing Kai Chan
Publisher: Springer Science & Business Media
ISBN: 1447140338
Category : Technology & Engineering
Languages : en
Pages : 262
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Book Description
Effective supply chain integration, and the tight co-ordination it creates, is an essential pre-requisite for successful supply chain management. Decision-Making for Supply Chain Integration is a practical reference on recent research in the area of supply chain integration focusing on distributed decision-making problems. Recent applications of various decision-making tools for integrating supply chains are covered including chapters focusing on: Supplier selection, pricing strategy and inventory decisions in multi-level supply chains, RFID-enabled distributed decision-making, Operational risk issues and time-critical decision-making for sensitive logistics nodes, Modelling end to end processes to improve supply chain integration, and Integrated systems to improve service delivery and optimize resource use. Decision-Making for Supply Chain Integration provides an insight into the tools and methodologies of this field with support from real-life case studies demonstrating successful application of various decision-making techniques. By covering such a range of topics in this way, Decision-Making for Supply Chain Integration is a useful reference for researchers looking to develop their knowledge or find potential new avenues of research.
Author: David Simchi-Levi
Publisher: Springer Science & Business Media
ISBN: 1402079532
Category : Business & Economics
Languages : en
Pages : 818
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Book Description
The Handbook is a comprehensive research reference that is essential for anyone interested in conducting research in supply chain. Unique features include: -A focus on the intersection of quantitative supply chain analysis and E-Business, -Unlike other edited volumes in the supply chain area, this is a handbook rather than a collection of research papers. Each chapter was written by one or more leading researchers in the area. These authors were invited on the basis of their scholarly expertise and unique insights in a particular sub-area, -As much attention is given to looking back as to looking forward. Most chapters discuss at length future research needs and research directions from both theoretical and practical perspectives, -Most chapters describe in detail the quantitative models used for analysis and the theoretical underpinnings; many examples and case studies are provided to demonstrate how the models and the theoretical insights are relevant to real situations, -Coverage of most state-of-the-art business practices in supply chain management.
Author: Taghipour, Atour
Publisher: IGI Global
ISBN: 1799838064
Category : Business & Economics
Languages : en
Pages : 313
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Book Description
In a decentralized supply chain, most of the supply chain agents may not share information due to confidentiality policies, quality of information, or different system incompatibilities. Every actor holds its own set of information and attempts to maximize its objective (minimizing costs/minimizing inventory holdings) based on the available settings. Therefore, the agents control their own activities with the objective of improving their own competitiveness, which leads them to make decisions that maximize their local performance by ignoring the other agents or even the final consumer. These decisions are myopic because they do not consider the performance of all the partners to satisfy the consumer. Demand Forecasting and Order Planning in Supply Chains and Humanitarian Logistics is a collection of innovative research that focuses on demand anticipation, forecasting, and order planning as well as humanitarian logistics to propose original solutions for existing problems. While highlighting topics including artificial intelligence, information sharing, and operations management, this book is ideally designed for supply chain managers, logistics personnel, business executives, management experts, operation industry professionals, academicians, researchers, and students who want to improve their understanding of supply chain coordination in order to be competitive in the new era of globalization.
Author: Can Yıldırmaz
Publisher:
ISBN:
Category : Business logistics
Languages : en
Pages : 240
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Book Description
Author: Nita H. Shah
Publisher: Springer Nature
ISBN: 9811617295
Category : Business & Economics
Languages : en
Pages : 237
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Book Description
This book provides several inventory models for making the right decision in inventory management under different environments. Basically, the optimal ordering policies are determined for situations with and without shortages in production-inventory systems. The chapters in the book include various features of inventory modeling i.e., inflation, deterioration, supply chain, learning, credit financing, carbon emission policy, stock-dependent demand, among others. The book is a useful resource for academicians, researchers, students, practitioners, and managers who can be benefited with the policies provided in the chapters of the book.
