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Details for article 8 of 8 found articles
| Title: |
Supply-chain modelling and control under proportional inventory-replenishment policies |
| Author: |
Papanagnou, C. I. Halikias, G. D. |
| Appeared in: |
International journal of systems science |
| Paging: | Volume 39 (2008) nr. 7 pages 699-711 |
| Year: |
2008-07 |
| Contents: |
A novel state-space model of a multi-node supply chain is presented, controlled via local proportional inventory-replenishment policies. The model is driven by a stochastic sequence representing customer demand. The model is analysed under stationarity conditions and a simple recursive scheme is developed for updating its covariance matrix. This allows us to characterise the 'bullwhip effect' (demand amplification) in the chain and to solve an optimisation problem for a three-node model involving the minimisation of inventory subject to a probabilistic constraint on downstream demand. Finally, issues related to estimation schemes based on local historical data are briefly discussed. |
| Publisher: |
Taylor & Francis |
| Source file: |
Elektronische Wetenschappelijke Tijdschriften |
Details for article 8 of 8 found articles
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