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Erschienen in:
2013 | OriginalPaper | Buchkapitel
A Robust Policy for the Integrated Single-Vendor Single-Buyer Inventory System in a Supply Chain
verfasst von : Jia-Shian Hu, Pei-Fang Tsai, Ming-Feng Yang
Erschienen in: Proceedings of the Institute of Industrial Engineers Asian Conference 2013
Verlag: Springer Singapore
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Abstract
To find the best production quantity for the vendor and the order quantity for the buyer, the integrated single-vendor single-buyer inventory model is proposed with the aim to minimize the total costs of the entire supply chain. In the Traditional supply chain, the most of integrated inventory is to develop a model that assumes that the input data is deterministic and equal to some nominal values. However, few researches have considered data uncertainty such as in demands, lead times, or even setup/ordering costs. Instead of solving for the optimal solution under the assumption of deterministic demands, here we provide a prescriptive methodology for constructing uncertainty sets within a robust optimization framework for integrated inventory problems with uncertain data. We accomplish this by taking as primitive the decision maker’s attitude toward risk. A numerical study and sensitive analysis are conducted to examine the integrated inventory model.