Joint economic production-sihpment policy in a single-manufacturer-multiple-item system
SCIE
SCOPUS
- Title
- Joint economic production-sihpment policy in a single-manufacturer-multiple-item system
- Authors
- Kim, T; Hong, Y; Chang, SY
- Date Issued
- 2006-12
- Publisher
- UNIV CINCINNATI INDUSTRIAL ENGINEERIN
- Abstract
- This paper proposes an analytical model determining a joint production-shipment policy in a supply chain with a single manufacturer and multiple retailers. The manufacturer produces multiple items in a single facility under a common rotation cycle policy to prevent shortages at any retailer. We formulate the problem as a variant of a classical economic lot scheduling problem, provide a solution procedure determining an optimal common cycle length, shipment frequencies and quantities, and show its global optimality. In case that the optimal shipment frequencies are not integers, we introduce an efficient integerization procedure and show that the integer-valued solution is as good as the real-valued optimal solution through a numerical test. Significance: An extended version of classical economic lot-scheduling problem herein can be utilized to synchronize production and shipments in a supply chain consisting of a single manufacturer and multiple retailers.
- Keywords
- supply chain management; joint production-shipment policy; common rotation cycle; economic lot scheduling problem; INTEGRATED INVENTORY MODEL; VENDOR
- URI
- https://oasis.postech.ac.kr/handle/2014.oak/23375
- ISSN
- 1072-4761
- Article Type
- Article
- Citation
- INTERNATIONAL JOURNAL OF INDUSTRIAL ENGINEERING-THEORY APPLICATIONS AND PRACTICE, vol. 13, no. 4, page. 357 - 363, 2006-12
- Files in This Item:
- There are no files associated with this item.
Items in DSpace are protected by copyright, with all rights reserved, unless otherwise indicated.