A supply chain with a service requirement for each market signal

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	A supply chain with a service requirement for each market signal
	Sethi, Suresh P.; Yan, Houmin ; Zhang, Hanqin; Zhou, Jing
	2007-05-01
发表期刊	PRODUCTION AND OPERATIONS MANAGEMENT
ISSN	1059-1478
卷号	16 期号:3 页码:322-342
摘要	We study a single-period two-stage service-constrained supply chain with an information update. The buyer has two procurement opportunities with the second one after observing a market signal, which updates the demand forecast. He also commits to a service level after observing the market signal. We derive his optimal ordering decisions and show that the critical market signal, the optimal first-stage order quantity, and the optimal expected profit are monotone with respect to the target service level. We also discuss the impact of the forecast quality on the optimal decisions. We show that the optimal first-stage order quantity may not be monotone with respect to information accuracy, as is in the case without the service constraint. In addition, we extend our analysis to the situation when an order cancellation is allowed upon the observation of the market signal. We also compare the results obtained for the problems with and without an order cancelation. Finally, we discuss the supply chain coordination issue and find that a buyback contract can also coordinate the supply chain in the presence of the service constraint.
关键词	supply chain information update customer service level dynamic programming
语种	英语
WOS研究方向	Engineering ; Operations Research & Management Science
WOS类目	Engineering, Manufacturing ; Operations Research & Management Science
WOS记录号	WOS:000247740000004
出版者	WILEY-BLACKWELL
引用统计
文献类型	期刊论文
条目标识符	http://ir.amss.ac.cn/handle/2S8OKBNM/4665
专题	应用数学研究所
通讯作者	Sethi, Suresh P.
作者单位	1.Univ Texas, Sch Management, Richardson, TX 75083 USA 2.Chinese Univ Hong Kong, Dept Syst Engn & Engn Management, Hong Kong, Hong Kong, Peoples R China 3.Acad Sinica, Inst Appl Math, Acad Math & Syst Sci, Beijing 100080, Peoples R China 4.Univ N Carolina, Belk Coll Business, Charlotte, NC 28223 USA
推荐引用方式 GB/T 7714	Sethi, Suresh P.,Yan, Houmin,Zhang, Hanqin,et al. A supply chain with a service requirement for each market signal[J]. PRODUCTION AND OPERATIONS MANAGEMENT,2007,16(3):322-342.
APA	Sethi, Suresh P.,Yan, Houmin,Zhang, Hanqin,&Zhou, Jing.(2007).A supply chain with a service requirement for each market signal.PRODUCTION AND OPERATIONS MANAGEMENT,16(3),322-342.
MLA	Sethi, Suresh P.,et al."A supply chain with a service requirement for each market signal".PRODUCTION AND OPERATIONS MANAGEMENT 16.3(2007):322-342.