Inventory policies for a make-to-order system with a perishable component and fixed ordering cost
dc.contributor.author | Frank, Katia C. | en_US |
dc.contributor.author | Ahn, Hyun-Soo | en_US |
dc.contributor.author | Zhang, Rachel Q. | en_US |
dc.date.accessioned | 2009-03-03T20:10:05Z | |
dc.date.available | 2010-04-14T17:40:05Z | en_US |
dc.date.issued | 2009-03 | en_US |
dc.identifier.citation | Frank, Katia C.; Ahn, Hyun-Soo; Zhang, Rachel Q. (2009). "Inventory policies for a make-to-order system with a perishable component and fixed ordering cost." Naval Research Logistics 56(2): 127-141. <http://hdl.handle.net/2027.42/61885> | en_US |
dc.identifier.issn | 0894-069X | en_US |
dc.identifier.issn | 1520-6750 | en_US |
dc.identifier.uri | https://hdl.handle.net/2027.42/61885 | |
dc.description.abstract | We consider a make-to-order production system where two major components, one nonperishable (referred to as part 1) and one perishable (part 2), are needed to fulfill a customer order. In each period, replenishment decisions for both parts need to be made jointly before demand is realized and a fixed ordering cost is incurred for the nonperishable part. We show that a simple ( s n , S n 1 , S n 2 ) policy is optimal. Under this policy, S n 2 along with the number of backorders at the beginning of a period if any and the availability of the nonperishable part (part 1) determines the optimal order quantity of the perishable part (part 2), while ( s n , S n 1 ) guide when and how much of part 1 to order at each state. Numerical study demonstrates that the benefits of using the joint replenishment policy can be substantial, especially when the unit costs are high and/or the profit margin is low. © 2009 Wiley Periodicals, Inc. Naval Research Logistics, 2009 | en_US |
dc.format.extent | 219326 bytes | |
dc.format.extent | 3118 bytes | |
dc.format.mimetype | application/pdf | |
dc.format.mimetype | text/plain | |
dc.publisher | Wiley Subscription Services, Inc., A Wiley Company | en_US |
dc.subject.other | Mathematics and Statistics | en_US |
dc.title | Inventory policies for a make-to-order system with a perishable component and fixed ordering cost | en_US |
dc.type | Article | en_US |
dc.rights.robots | IndexNoFollow | en_US |
dc.subject.hlbsecondlevel | Industrial and Operations Engineering | en_US |
dc.subject.hlbtoplevel | Engineering | en_US |
dc.description.peerreviewed | Peer Reviewed | en_US |
dc.contributor.affiliationum | Ross School of Business, University of Michigan, Ann Arbor, Michigan 48109 ; Ross School of Business, University of Michigan, Ann Arbor, Michigan 48109 | en_US |
dc.contributor.affiliationother | Macy's Systems and Technology, Johns Creek, Georgia 30097 | en_US |
dc.contributor.affiliationother | Department of Industrial Engineering and Logistics Management, Hong Kong University of Science and Technology, Clear Water Bay, Kowloon, Hong Kong | en_US |
dc.description.bitstreamurl | http://deepblue.lib.umich.edu/bitstream/2027.42/61885/1/20332_ftp.pdf | |
dc.identifier.doi | 10.1002/nav.20332 | en_US |
dc.identifier.source | Naval Research Logistics | en_US |
dc.owningcollname | Interdisciplinary and Peer-Reviewed |
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