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Research on transnational dual-source procurement strategy with suppliers’ different supply lead-time
- Source :
- IFAC-PapersOnLine. 52:2038-2043
- Publication Year :
- 2019
- Publisher :
- Elsevier BV, 2019.
-
Abstract
- This paper studies the dual-source procurement problem that an assembler procures goods from one overseas supplier with low price but long lead-time and one local supplier with high price but short lead-time. We assume, the demand is normal distribution, a smoothing order strategy is proposed. With this order strategy, the new purchasing quantity is determined using the smoothing technique, i.e., the new purchasing quantity equals to the weighted value of the last period purchasing quantity and the current market demand. We establish optimization models for two situations, one considers warehouse space constraint and another one does not consider warehouse space constraint. Then, the optimal smoothing purchasing coefficient and the optimal storage space are obtained. In the last, numerical examples are conducted.
- Subjects :
- Computer Science::Computer Science and Game Theory
0209 industrial biotechnology
Operations research
Computer science
020208 electrical & electronic engineering
02 engineering and technology
Space (commercial competition)
Purchasing
Supply and demand
Constraint (information theory)
020901 industrial engineering & automation
Procurement
Control and Systems Engineering
Order (exchange)
0202 electrical engineering, electronic engineering, information engineering
Lead time
Smoothing
Subjects
Details
- ISSN :
- 24058963
- Volume :
- 52
- Database :
- OpenAIRE
- Journal :
- IFAC-PapersOnLine
- Accession number :
- edsair.doi...........693a6cd17c7354def1b2e597cdde4bc7