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This paper also considers a special case when the distribution company only determines the inventory decision.
A numerical study clarifies when considering rental unit loss and recirculation rules matters most for the inventory decision: Accounting for rental unit loss can increase the expected profit by 7% for a single season and becomes even more important as the time horizon lengthens.
Based on the assumption that the stochastic demands of the retailers are normal distributed, a non-linear mixed integer programming model that simultaneously described the inventory decision and the facility location decision is presented, in which the objective is to minimize the total cost that including location costs, inventory costs, and transportation costs under the certain service level.
In general, in a buyer supplier system, inventory decision making is structured independently.
But to simplify the analysis, we only model the pricing decisions and do not model the firm's inventory decision.
Cheng (1991) investigated an inventory decision problem with sell-dependent unit production cost and imperfect production processes.
Similar(50)
How can large chains trust thousands of people to make inventory decisions?
We decompose the problem to separate the location decisions in the master problem from the inventory decisions in the subproblem.
This paper examines the use of quantity based fixed incentives to coordinate inventory decisions in a decentralized supply chain.
Specifically, the pricing, production, and inventory decisions are considered simultaneously in a finite and an infinite horizon single product environment.
We study some complex distribution network design problems, which involve facility location, warehousing, transportation and inventory decisions.
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