Supply chain with inventory review and dependent demand distributions: Dynamic inventory outsourcing

Konstantin Kogan; Sheldon Lou; Charles S. Tapiero; Matan Shnaiderman

doi:10.1109/TASE.2008.2006569

Supply chain with inventory review and dependent demand distributions: Dynamic inventory outsourcing

Konstantin Kogan^*
, Sheldon Lou
, Charles S. Tapiero
, Matan Shnaiderman

^*Corresponding author for this work

Research output: Contribution to journal › Article › peer-review

9 Scopus citations

Abstract

In this paper, we consider inventory outsourcing by a producer to a distributor. The distributor charges a cost for each unit it handles and the manufacturer responds with a production and inventory policy over a finite contract period. As a result, the two parties enter a noncooperative differential game. We address the effect of information asymmetry in such a game under a stochastic demand when the inventory level can only be observed by the manufacturer intermittently.

Original language	English
Article number	4745826
Pages (from-to)	197-207
Number of pages	11
Journal	IEEE Transactions on Automation Science and Engineering
Volume	7
Issue number	2
DOIs	https://doi.org/10.1109/TASE.2008.2006569
State	Published - Apr 2010
Externally published	Yes

Keywords

Differential games
Dynamic programming/optimal control applications
Inventory/production policies

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10.1109/TASE.2008.2006569

Cite this

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abstract = "In this paper, we consider inventory outsourcing by a producer to a distributor. The distributor charges a cost for each unit it handles and the manufacturer responds with a production and inventory policy over a finite contract period. As a result, the two parties enter a noncooperative differential game. We address the effect of information asymmetry in such a game under a stochastic demand when the inventory level can only be observed by the manufacturer intermittently.",

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KW - Dynamic programming/optimal control applications

KW - Inventory/production policies

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Supply chain with inventory review and dependent demand distributions: Dynamic inventory outsourcing

Abstract

Keywords

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