Two-stage newsboy model with backoreder and initial inventory

Zied Jemai (), Ali Cheaitou, Christian van Delft () and Yves Dallery ()
Additional contact information
Zied Jemai: LGI - Laboratoire Génie Industriel - EA 2606 - CentraleSupélec
Ali Cheaitou: LGI - Laboratoire Génie Industriel - EA 2606 - CentraleSupélec
Christian van Delft: GREGH - Groupement de Recherche et d'Etudes en Gestion à HEC - HEC Paris - Ecole des Hautes Etudes Commerciales - CNRS - Centre National de la Recherche Scientifique
Yves Dallery: LGI - Laboratoire Génie Industriel - EA 2606 - CentraleSupélec

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Abstract: In this paper, we develop a general two-stage newsboy model. Each period decision induces specific costs. In addition to the usual decision variables for such models, we consider that, at the beginning of the decision process, an initial inventory is available and some preliminary fixed orders are to be delivered at each period. The unsatisfied demands during a period are backlogged to be satisfied in the future. The model is solved by a dynamic programming approach. We then provide insight regarding this type of two-stage inventory decision process with the help of numerical examples.

Keywords: Keyword: Supply Chain Planning; Dynamic Programming; Demand Management; Modelling Methodologies (search for similar items in EconPapers)
Date: 2006-05-27
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Published in International Conference on Information Systems, Logistics and Supply Chain (ILS), May 2006, Lyon, France

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-01672453

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