Optimizing multi-echelon inventory with three types of demand in supply chain

Zhuo Dai, Faisal Aqlan, Kuo Gao

Research output: Contribution to journalArticle

5 Citations (Scopus)

Abstract

This paper proposes multi-echelon inventory models with three types of demand. The stakeholders consist of a retailer, a plant and a number of middlemen. Because the modes of demand for stakeholders are different, the stakeholders have different inventory modes. Based on these different inventory modes, three models and the procedures to solve these models are developed. In computational experiments, the applicability of the proposed models and procedures is verified. Management insights are summarized through analyzing the composition of average total inventory cost. Finally, the relationship between the parameters and the optimal solutions is investigated by two sensitivity analyses.

Original languageEnglish (US)
Pages (from-to)141-177
Number of pages37
JournalTransportation Research Part E: Logistics and Transportation Review
Volume107
DOIs
StatePublished - Nov 1 2017

Fingerprint

Supply chains
supply
demand
stakeholder
Supply chain
Stakeholders
Multi-echelon inventory
experiment
costs
Chemical analysis
management
Costs
Experiments
Inventory model
Retailers
Middlemen
Optimal solution
Experiment
Inventory cost

All Science Journal Classification (ASJC) codes

  • Business and International Management
  • Civil and Structural Engineering
  • Transportation

Cite this

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abstract = "This paper proposes multi-echelon inventory models with three types of demand. The stakeholders consist of a retailer, a plant and a number of middlemen. Because the modes of demand for stakeholders are different, the stakeholders have different inventory modes. Based on these different inventory modes, three models and the procedures to solve these models are developed. In computational experiments, the applicability of the proposed models and procedures is verified. Management insights are summarized through analyzing the composition of average total inventory cost. Finally, the relationship between the parameters and the optimal solutions is investigated by two sensitivity analyses.",
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Optimizing multi-echelon inventory with three types of demand in supply chain. / Dai, Zhuo; Aqlan, Faisal; Gao, Kuo.

In: Transportation Research Part E: Logistics and Transportation Review, Vol. 107, 01.11.2017, p. 141-177.

Research output: Contribution to journalArticle

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AB - This paper proposes multi-echelon inventory models with three types of demand. The stakeholders consist of a retailer, a plant and a number of middlemen. Because the modes of demand for stakeholders are different, the stakeholders have different inventory modes. Based on these different inventory modes, three models and the procedures to solve these models are developed. In computational experiments, the applicability of the proposed models and procedures is verified. Management insights are summarized through analyzing the composition of average total inventory cost. Finally, the relationship between the parameters and the optimal solutions is investigated by two sensitivity analyses.

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