Optimal production and rationing decisions in supply chains with information sharing

Authors:
Boray Huang;Seyed M. R. Iravani
Affiliations:
School of Business Administration, University of Mississippi, University, MS 38677, USA;Department of Industrial Engineering and Management Sciences, Northwestern University, 2145 Sheridan Road, C210 Tech., Evanston, IL 60208, USA
Venue:
Operations Research Letters
Year:
2007

Citing 15
Cited 1

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Evaluating echelon stock R,nQ policies in serial production/inventory systems with stochastic demand

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Lower bounds for multi-echelon stochastic inventory systems

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Inventory rationing in a make-to-stock production system with several demand classes and lost sales

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Stochastic dynamic programming and the control of queueing systems

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Echelon reorder points, installation reorder points, and the value of centralized demand information

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Value of Information in Capacitated Supply Chains

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Optimal Stock Allocation for a Capacitated Supply System

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Information Flows in Capacitated Supply Chains with Fixed Ordering Costs

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The Value of Information Sharing in a Two-Level Supply Chain

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Supply Chain Inventory Management and the Value of Shared Information

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Stock Rationing in an M/Ek/1 Make-to-Stock Queue

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A Threshold Inventory Rationing Policy for Service-Differentiated Demand Classes

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Optimal Policies for Inventory Systems with Priority Demand Classes

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Production Control Policies in Supply Chains with Selective-Information Sharing

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Impact of demand correlation and information sharing in a capacity constrained supply chain with multiple-retailers

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Abstract

This paper considers a two-echelon capacitated supply chain with two non-identical retailers and information sharing. We characterize the optimal inventory policies. We also study the benefits of the optimal stock rationing policy over the first come first served (FCFS) and the modified echelon-stock rationing (MESR) policies.