 Matrix-Analytic Methods in Supply Chain Management: Recent DevelopmentsR.N. Boute, P.J. Colen, Stefan Creemers, A. Noblesse and B. Van Houdt Review of Business and Economic Literature, 2012, vol. 57, issue 3, 283-302 Abstract: Matrix-analytic methods are a popular modeling tool in a great number of fields, most notable in the analysis of telecommunication systems. Because of their ability to construct and analyze a wide class of stochastic models, they can also be applied in the analysis of complex supply chain problems where traditional analytical techniques or simulation analysis fall short. In this paper, we demonstrate the power of matrix-analytic methods in the analysis of four different supply chain problems: (1) to determine lead times in production/inventory models characterized by any arbitrary discrete (i.e., non-Poisson) demand distribution; (2) to gain insight in the upstream replenishment orders driven by (s,S) inventory policies; (3) to analyze waiting times and resource utilization in service systems that are driven by appointments (e.g., health care, legal services, administration); and (4) to determine the optimal maintenance policy/warranty in the aftermarket supply chain. Date: 2012 There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it. Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:sen:rebelj:v:57:i:3:y:2012:p:283-302 Access Statistics for this article Review of Business and Economic Literature is currently edited by Hans Kluwer More articles in Review of Business and Economic Literature from Intersentia |
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