Research on Inventory Sharing Policy in Assembly System with Random Demand Time

Huai Xiang Xing; Xu Guan

doi:10.4028/www.scientific.net/AMR.452-453.833

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HomeAdvanced Materials ResearchAdvanced Materials Research Vols. 452-453Research on Inventory Sharing Policy in Assembly...

Research on Inventory Sharing Policy in Assembly System with Random Demand Time

Abstract:

This paper investigates the inventory sharing policy in an assembly system with random demand time. A Stackelberg game has been built in a similar supply chain setting: manufacturer first decide the length of time period that for supplier taking charge of the inventory, and then followed by supplier chooses a best deliver time to manufacture. The research not only finds out the optimal decisions for both parties but also provide a relatively simple mechanism to achieve the supply chain coordination. The result shows that comparing to the traditional VMI policy, inventory sharing policy is always a better choice no matter for the supply chain or the manufacturer.

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Periodical:

Advanced Materials Research (Volumes 452-453)

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833-837

DOI:

https://doi.org/10.4028/www.scientific.net/AMR.452-453.833

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Online since:

January 2012

Authors:

Huai Xiang Xing, Xu Guan

Keywords:

Coordination, Inventory Sharing Policy, Random Demand Time, VMI

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