Production and shipment policy under dynamic demand in the supply chain environments

Ik Sun Lee

International Journal of Applied Management Science, 2016, vol. 8, issue 1, 1-19

Abstract: This paper considers an integrated multi-product (1:N) inventory model where a manufacturer produces multiple products via a cyclic production and supplies them to N buyers. The objective is to establish a production and delivery planning under the sequence of dynamic demands at the minimum total cost of the entire system (manufacturer and multiple buyers) subject to some constraints of the range on the product delivery interval between each buyer and the manufacturer. Some solution properties are characterised, with which a heuristic solution algorithm is derived. Computational experiments with numerical problems show that the heuristic algorithm finds good solutions within a reasonable time.

Keywords: multi-period; dynamic demand; multi-product inventory modelling; cyclic production; integrated vendor-buyer models; production planning; delivery planning; shipment policy; supply chain management; SCM; inventory management. (search for similar items in EconPapers)
Date: 2016
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://www.inderscience.com/link.php?id=75462 (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ids:injams:v:8:y:2016:i:1:p:1-19

Access Statistics for this article

More articles in International Journal of Applied Management Science from Inderscience Enterprises Ltd
Bibliographic data for series maintained by Sarah Parker ().