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A Coordination Model Under an Order-Up-To Policy.
- Source :
-
Informatica . 2012, Vol. 23 Issue 2, p225-246. 22p. - Publication Year :
- 2012
-
Abstract
- A logistics system that involves a supplier who produces and delivers a single product and a buyer who receives and sells the product to the final customers was analyzed. A mathematical model was developed to describe the behavior of the system and to derive the optimal cycle length and order-up-to levels for the two parties. An analysis of the obtained results revealed that the methods were able to determine the optimal control parameters for each party in a short time frame. A coordination mechanism based on the optimal policies was ultimately proposed so that each party benefits more than if they use their own optimal control policy. [ABSTRACT FROM AUTHOR]
Details
- Language :
- English
- ISSN :
- 08684952
- Volume :
- 23
- Issue :
- 2
- Database :
- Academic Search Index
- Journal :
- Informatica
- Publication Type :
- Academic Journal
- Accession number :
- 77190922
- Full Text :
- https://doi.org/10.15388/informatica.2012.358