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Cost derivation of a dyadic supply chain with time lag information sharing

Sajadifar, S. M ; Sharif University of Technology | 2007

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  1. Type of Document: Article
  2. Publisher: 2007
  3. Abstract:
  4. In this paper we consider a dyadic supply chain consisting of one warehouse and one retailer with information exchange. We assume that the demand process to the retailer is a Poisson process and transportation times are constant. The retailer applies continuous review (R,Q)-policy. When the retailer's inventory position reaches R+s she sends information about her customer demand and inventory activities to the supplier. The supplier receives this information after a constant time lag. The supplier starts with m initial batches (of size Q), and places an order in a batch of size Q to an outside source immediately after receiving the information from the retailer. In this paper using the idea of the one-for-one ordering policy we obtain the exact value of the expected total cost function of this twolevel inventory system
  5. Keywords:
  6. Continuous review ; Information exchanges ; Information sharing ; Inventory systems ; Poisson demands ; Time lag ; Total cost function ; Transportation time ; Industrial engineering ; Information analysis ; Supply chain management ; Sales
  7. Source: 37th International Conference on Computers and Industrial Engineering 2007, Alexandria, 20 October 2007 through 23 October 2007 ; Volume 3 , 2007 , Pages 1709-1714 ; 9781627486811 (ISBN)
  8. URL: https://www.researchgate.net/publication/289483233_Cost_derivation_of_a_dyadic_supply_chain_with_time_lag_information_sharing