Research on Optimization of Production Decision Based on Payment Time and Price Coordination

Yanyang Yan, Liang Yuan and Yemei Li

Complexity, 2020, vol. 2020, 1-9

Abstract:

This paper focuses on the coordination and optimization between a manufacturer and multiple retailers in a supply chain. The manufacturer makes product quotes and delivery deadlines for all retailers, and each retailer selects product offers and delivery deadlines based on their own needs. Manufacturers maximize their own total profits by setting optimal quotes and delivery deadlines. This paper constructs the mathematical model of the optimal quotation and delivery deadline and proposes a scheduling algorithm that is different from the general M/M/1 and then studies the production scheduling problem and explores the effective implementation of quotation policy in management practice.

Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:hin:complx:2107582

DOI: 10.1155/2020/2107582

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