A model for the analysis of procurement strategies in the economic order interval environment

DOI10.1016/J.MATCOM.2016.10.007MaRDI QIDQ2229028zbMATH OpenOpenAlexFDO

Authors Roberto Montanari, Eleonora Bottani, Ehsan Shekarian, Nima Kazemi

Publication date 19 February 2021

Published in Mathematics and Computers in Simulation (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1016/j.matcom.2016.10.007

zbMATH Keywords

supplier selectionsimulation modeleconomic analysisanalytic modelpurchasing strategy

Mathematics Subject Classification ID

Game theory, economics, finance, and other social and behavioral sciences (91-XX) Operations research, mathematical programming (90-XX)

Recommendations

• Comparing sourcing strategies in two-echelon supply chains
• Procurement strategies with unreliable suppliers
• Single versus multiple supplier sourcing strategies
• Diversification Under Supply Uncertainty
• Note: Dual sourcing with nonidentical suppliers

Cites work

• An economic order quantity model considering different holding costs for imperfect quality items subject to fuzziness and learning
• Comparing sourcing strategies in two-echelon supply chains
• Continuous-review inventory problem with random supply interruptions
• Determining the reorder point and order-up-to-level in a periodic review system so as to achieve a desired fill rate and a desired average time between replenishments
• Dynamic simulation of the supply chain for a short life cycle product -- lessons from the Tamagotchi case.
• Inventory control.
• Inventory models with unreliable suppliers in a random environment
• Inventory systems with stochastic demand and supply: properties and approximations
• Optimal ordering policies and sourcing strategies with supply disruption
• Options procurement policy for option contracts with supply and spot market uncertainty
• Procurement strategies with unreliable suppliers
• Single versus multiple sourcing in the presence of risks
• Single versus multiple supplier sourcing strategies
• Supply chain design and cost analysis through simulation
• The myopic Order-Up-To policy with a proportional feedback controller
• The{Q,r)Inventory System With An Unreliable Supplier
• Vendor selection criteria and methods
• Vendor selection with price breaks

Describes a project that uses

Uses Software

• Excel

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