Exploring the economic consequences of letting a supplier hold reserve storage

DOI10.1016/J.COR.2014.08.009MaRDI QIDQ337286zbMATH OpenOpenAlexFDO

Authors Soheil Abginehchi, Christian Larsen, Anders Thorstenson

Publication date 10 November 2016

Published in Computers \& Operations Research (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1016/j.cor.2014.08.009

zbMATH Keywords

optimizationdynamic programmingdual sourcingemergency supplier

Mathematics Subject Classification ID

Dynamic programming (90C39) Inventory, storage, reservoirs (90B05) Transportation, logistics and supply chain management (90B06)

Recommendations

• The analysis on optimal storage models with multi-varieties suppliers
• Capacity reservation under supply uncertainty
• Intertemporal pricing and consumer stockpiling
• On the replenishment policy considering less expensive but non-committed supply
• Equilibrium storage with multiple commodities
• Separate vs. joint replenishment policies with maximum storage requirement costs
• Understanding supplier credits in an inflationary environment when reserve money is available
• Technical Note—Optimal Inventory Policy in the Presence of a Long-Term Supplier and a Spot Market
• On the Pricing of Storable Commodities
• Strategic inventory under suppliers competition

Cites work

• scientific article; zbMATH DE number 700091 (Why is no real title available?)
• A first course in stochastic models.
• A note on optimal policies for a periodic inventory system with emergency orders
• A periodic review inventory system with emergency replenishments
• Approximate dynamic programming. Solving the curses of dimensionality
• Ensuring responsive capacity: how to contract with backup suppliers
• Foundations of inventory management
• Global dual sourcing: tailored base-surge allocation to near- and offshore production
• Inventories with multiple supply sources and networks of queues with overflow bypasses
• Inventory Control with Generalized Expediting
• Inventory control.
• Now or Later: A Simple Policy for Effective Dual Sourcing in Capacitated Systems
• On a multi-period supply chain system with supplementary order opportunity
• Optimal control policies for a periodic review inventory system with emergency orders

Cited in

(1)

• Reserve stock models: deterioration and preventive replenishment

Describes a project that uses

Uses Software

• MCQueue

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