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Inventory positioning, scheduling and lead-time quotation in supply chains

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  • Kaminsky, Philip
  • Kaya, Onur

Abstract

We consider supply chain networks composed of several centrally managed production facilities as well as external suppliers. We design effective heuristics for inventory positioning, order sequencing, and short and reliable due-date quotation for this supply chain. We perform extensive computational testing to assess the effectiveness of our algorithms, and we explore the impact of supply chain topology on inventory costs and effective due-date quotation.

Suggested Citation

  • Kaminsky, Philip & Kaya, Onur, 2008. "Inventory positioning, scheduling and lead-time quotation in supply chains," International Journal of Production Economics, Elsevier, vol. 114(1), pages 276-293, July.
  • Handle: RePEc:eee:proeco:v:114:y:2008:i:1:p:276-293
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    References listed on IDEAS

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    1. Inderfurth, Karl & Minner, Stefan, 1998. "Safety stocks in multi-stage inventory systems under different service measures," European Journal of Operational Research, Elsevier, vol. 106(1), pages 57-73, April.
    2. Inderfurth, Karl, 1994. "Safety stocks in multistage divergent inventory systems: A survey," International Journal of Production Economics, Elsevier, vol. 35(1-3), pages 321-329, June.
    3. Stephen C. Graves & Sean P. Willems, 2000. "Optimizing Strategic Safety Stock Placement in Supply Chains," Manufacturing & Service Operations Management, INFORMS, vol. 2(1), pages 68-83, June.
    4. Diks, E. B. & de Kok, A. G. & Lagodimos, A. G., 1996. "Multi-echelon systems: A service measure perspective," European Journal of Operational Research, Elsevier, vol. 95(2), pages 241-263, December.
    5. Inderfurth, Karl, 1991. "Safety stock optimization in multi-stage inventory systems," International Journal of Production Economics, Elsevier, vol. 24(1-2), pages 103-113, November.
    6. Paul Glasserman & Sridhar Tayur, 1995. "Sensitivity Analysis for Base-Stock Levels in Multiechelon Production-Inventory Systems," Management Science, INFORMS, vol. 41(2), pages 263-281, February.
    7. Stephen C. Graves & Sean P. Willems, 2003. "Erratum: Optimizing Strategic Safety Stock Placement in Supply Chains," Manufacturing & Service Operations Management, INFORMS, vol. 5(2), pages 176-177.
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    Cited by:

    1. Chaharsooghi, S. Kamal & Heydari, Jafar, 2010. "LT variance or LT mean reduction in supply chain management: Which one has a higher impact on SC performance?," International Journal of Production Economics, Elsevier, vol. 124(2), pages 475-481, April.
    2. Jouini, Oualid & Dallery, Yves & Aksin, Zeynep, 2009. "Queueing models for full-flexible multi-class call centers with real-time anticipated delays," International Journal of Production Economics, Elsevier, vol. 120(2), pages 389-399, August.
    3. Kaman, Cumhur & Savasaneril, Secil & Serin, Yasemin, 2013. "Production and lead time quotation under imperfect shop floor information," International Journal of Production Economics, Elsevier, vol. 144(2), pages 422-431.

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