An approximate policy for a dual-sourcing inventory model with positive lead times and binomial yield

DOI10.1016/J.EJOR.2015.01.052zbMath1346.90036OpenAlexW2119401963MaRDI QIDQ319386

Wanrong Ju, Adriana F. Gabor, Jan-Kees C. W. van Ommeren

Publication date: 6 October 2016

Published in: European Journal of Operational Research (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/j.ejor.2015.01.052

zbMATH Keywords

inventorysupply chain managementapplied probabilitydual-index order-up-to policyyield uncertainty

Mathematics Subject Classification ID

Transportation, logistics and supply chain management (90B06) Inventory, storage, reservoirs (90B05)

Related Items (9)

Distribution-robust single-period inventory control problem with multiple unreliable suppliers ⋮ Pricing and sourcing strategies for competing retailers in supply chains under disruption risk ⋮ The impact of 3D printing on manufacturer-retailer supply chains ⋮ Dual sourcing models with stock-out dependent substitution ⋮ Optimal procurement and production planning for multi-product multi-stage production under yield uncertainty ⋮ Competition and coordination in a three-tier supply chain with differentiated channels ⋮ Dual sourcing in the age of near-shoring: trading off stochastic capacity limitations and long lead times ⋮ Typology and literature review on multiple supplier inventory control models ⋮ Procurement strategy with backup sourcing under stochastic supply risk

Cites Work

• Sourcing from suppliers with random yield for price-dependent demand
• Optimality of base-stock and \((s,S)\) policies for inventory problems with information delays
• Concepts for safety stock determination under stochastic demand and different types of random production yield
• Probability and Stochastics
• New Policies for the Stochastic Inventory Control Problem with Two Supply Sources
• Technical note—Linear Inflation Rules for the Random Yield Problem: Analysis and Computations
• A Periodic Review Inventory System with Emergency Replenishments
• Global Dual Sourcing: Tailored Base-Surge Allocation to Near- and Offshore Production
• Technical Note—Note on “Myopic Heuristics for the Random Yield Problem”
• Now or Later: A Simple Policy for Effective Dual Sourcing in Capacitated Systems
• Newsvendor solutions with general random yield distributions
• Optimal Inventory Under Stochastic Demand with Two Supply Options
• Myopic Heuristics for the Random Yield Problem
• Average Cost Optimality in Inventory Models With Dynamic Information Delays
• The Structure of Periodic Review Policies in the Presence of Random Yield

This page was built for publication: An approximate policy for a dual-sourcing inventory model with positive lead times and binomial yield