Optimal production and procurement decisions in a supply chain with an option contract and partial backordering under uncertainties.
Fei HuCheng-Chew LimZudi LuPublished in: Appl. Math. Comput. (2014)
Keyphrases
- supply chain
- optimal production
- inventory management
- supply chain management
- planning horizon
- supplier selection
- uncertain demand
- decision making
- revenue sharing
- inventory policy
- production process
- inventory control
- decision makers
- lead time
- stochastic demand
- customer demand
- inventory models
- production system
- manufacturing systems
- service level
- optimal policy
- infinite horizon
- production rate
- expected cost
- single product
- demand uncertainty