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A stochastic inventory model of dual sourced supply chain with lead-time reduction

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  • Ryu, Si Wook
  • Lee, Kyung Keun

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  • Ryu, Si Wook & Lee, Kyung Keun, 2003. "A stochastic inventory model of dual sourced supply chain with lead-time reduction," International Journal of Production Economics, Elsevier, vol. 81(1), pages 513-524, January.
    • Handle: RePEc:eee:proeco:v:81-82:y:2003:i:1:p:513-524
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    1. Robert S. Kaplan, 1970. "A Dynamic Inventory Model with Stochastic Lead Times," Management Science, INFORMS, vol. 16(7), pages 491-507, March.
    2. Ranga V. Ramasesh & J. Keith Ord & Jack C. Hayya & Andrew Pan, 1991. "Sole Versus Dual Sourcing in Stochastic Lead-Time (s, Q) Inventory Models," Management Science, INFORMS, vol. 37(4), pages 428-443, April.
    3. Lau, Hon-Shiang & Zhao, Long-Geng, 1993. "Optimal ordering policies with two suppliers when lead times and demands are all stochastic," European Journal of Operational Research, Elsevier, vol. 68(1), pages 120-133, July.
    4. Anonymous, 1993. "Economic notes," Reserve Bank of New Zealand Bulletin, Reserve Bank of New Zealand, vol. 56, June.
    5. Bookbinder, James H. & Cakanyildirim, Metin, 1999. "Random lead times and expedited orders in (Q,r) inventory systems," European Journal of Operational Research, Elsevier, vol. 115(2), pages 300-313, June.
    6. Anonymous, 1993. "Economic notes," Reserve Bank of New Zealand Bulletin, Reserve Bank of New Zealand, vol. 56, March.
    7. David Zalkind, 1978. "Order-Level Inventory Systems with Independent Stochastic Leadtimes," Management Science, INFORMS, vol. 24(13), pages 1384-1392, September.
    8. Sedarage, Dayani & Fujiwara, Okitsugu & Trung Luong, Huynh, 1999. "Determining optimal order splitting and reorder level for N-supplier inventory systems," European Journal of Operational Research, Elsevier, vol. 116(2), pages 389-404, July.
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    Citations

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    Cited by:

    1. Bin Zhang & Zekai Lai & Qiangqiang Wang, 2021. "Multi-product dual sourcing problem with limited capacities," Operational Research, Springer, vol. 21(3), pages 2055-2075, September.
    2. Chandra, Charu & Grabis, Janis, 2008. "Inventory management with variable lead-time dependent procurement cost," Omega, Elsevier, vol. 36(5), pages 877-887, October.
    3. Cheaitou, Ali & Cheaytou, Rima, 2019. "A two-stage capacity reservation supply contract with risky supplier and forecast updating," International Journal of Production Economics, Elsevier, vol. 209(C), pages 42-60.
    4. Vanteddu, Gangaraju & Chinnam, Ratna Babu & Gushikin, Oleg, 2011. "Supply chain focus dependent supplier selection problem," International Journal of Production Economics, Elsevier, vol. 129(1), pages 204-216, January.
    5. 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.
    6. Ben-Ammar, Oussama & Bettayeb, Belgacem & Dolgui, Alexandre, 2019. "Optimization of multi-period supply planning under stochastic lead times and a dynamic demand," International Journal of Production Economics, Elsevier, vol. 218(C), pages 106-117.
    7. Cheaitou, Ali & van Delft, Christian & Jemai, Zied & Dallery, Yves, 2014. "Optimal policy structure characterization for a two-period dual-sourcing inventory control model with forecast updating," International Journal of Production Economics, Elsevier, vol. 157(C), pages 238-249.
    8. Yanyan Yang & Shenle Pan & Eric Ballot, 2015. "An inventory control model with interconnected logistic services for vendor inventory management," Post-Print hal-01217344, HAL.
    9. Heydari, Jafar, 2014. "Lead time variation control using reliable shipment equipment: An incentive scheme for supply chain coordination," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 63(C), pages 44-58.
    10. Cheaitou, Ali & van Delft, Christian, 2013. "Finite horizon stochastic inventory problem with dual sourcing: Near myopic and heuristics bounds," International Journal of Production Economics, Elsevier, vol. 143(2), pages 371-378.
    11. Svoboda, Josef & Minner, Stefan & Yao, Man, 2021. "Typology and literature review on multiple supplier inventory control models," European Journal of Operational Research, Elsevier, vol. 293(1), pages 1-23.
    12. Wu, Zhengping & Zhai, Xin & Liu, Zhongyi, 2015. "The inventory billboard effect on the lead-time decision," International Journal of Production Economics, Elsevier, vol. 170(PA), pages 45-53.
    13. Hwarng, H. Brian & Xie, Na, 2008. "Understanding supply chain dynamics: A chaos perspective," European Journal of Operational Research, Elsevier, vol. 184(3), pages 1163-1178, February.
    14. Duran, Alfonso & Gutierrez, Gil & Zequeira, Romulo I., 2004. "A continuous review inventory model with order expediting," International Journal of Production Economics, Elsevier, vol. 87(2), pages 157-169, January.
    15. Ruiz-Torres, Alex J. & Mahmoodi, Farzad, 2006. "A supplier allocation model considering delivery failure, maintenance and supplier cycle costs," International Journal of Production Economics, Elsevier, vol. 103(2), pages 755-766, October.
    16. Riezebos, Jan, 2006. "Inventory order crossovers," International Journal of Production Economics, Elsevier, vol. 104(2), pages 666-675, December.
    17. Ahiska, S. Sebnem & Appaji, Samyuktha R. & King, Russell E. & Warsing, Donald P., 2013. "A Markov decision process-based policy characterization approach for a stochastic inventory control problem with unreliable sourcing," International Journal of Production Economics, Elsevier, vol. 144(2), pages 485-496.
    18. Sumon Sarkar & Sunil Tiwari & B. C. Giri, 2022. "Impact of uncertain demand and lead-time reduction on two-echelon supply chain," Annals of Operations Research, Springer, vol. 315(2), pages 2027-2055, August.
    19. Yanyan Yang & Shenle Pan & Eric Ballot, 2015. "A model to take advantage of Physical Internet for vendor inventory management [Un modèle de gestion de stock en avantage de l'Internet Physique pour les vendeurs]," Post-Print hal-01128761, HAL.
    20. Leng, Mingming & Parlar, Mahmut, 2009. "Lead-time reduction in a two-level supply chain: Non-cooperative equilibria vs. coordination with a profit-sharing contract," International Journal of Production Economics, Elsevier, vol. 118(2), pages 521-544, April.
    21. Yue, Jinfeng & Xia, Yu & Tran, Thuhang, 2010. "Selecting sourcing partners for a make-to-order supply chain," Omega, Elsevier, vol. 38(3-4), pages 136-144, June.
    22. Langenberg, Kerstin U. & Seifert, Ralf W. & Tancrez, Jean-Sébastien, 2012. "Aligning supply chain portfolios with product portfolios," International Journal of Production Economics, Elsevier, vol. 135(1), pages 500-513.
    23. Zeinab Sazvar & Mohammad Reza Akbari Jokar & Armand Baboli, 2014. "A new order splitting model with stochastic lead times for deterioration items," International Journal of Systems Science, Taylor & Francis Journals, vol. 45(9), pages 1936-1954, September.
    24. Luo, Sha & Ahiska, S. Sebnem & Fang, Shu-Cherng & King, Russell E. & Warsing, Donald P. & Wu, Shuohao, 2021. "An analysis of optimal ordering policies for a two-supplier system with disruption risk," Omega, Elsevier, vol. 105(C).
    25. Fang, Xin & Zhang, Cheng & Robb, David J. & Blackburn, Joseph D., 2013. "Decision support for lead time and demand variability reduction," Omega, Elsevier, vol. 41(2), pages 390-396.

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