Using complete squares method to optimize replenishment policies in a four-stage supply chain with planned backorders
Summary: We develop a four-stage, serial supply chain inventory model with planned backorders. This supply chain model is formulated for the integer multipliers coordination mechanism, where firms at the same stage of the supply chain use the same cycle time and the cycle time at each stage is an integer multiplier of the cycle time used at the adjacent downstream stage. We develop an optimal replenishment policy using a simple algebraic method to solve the problem without the use of differential calculus.
- Optimal Control of Serial Inventory Systems with Fixed Replenishment Intervals
- Optimal integer-ratio inventory coordination policy for an integrated multi-stage supply chain
- Optimal replenishment and lot sizing strategy for inventory mechanism with step-shaped demand and backordering
- A characterization of optimal base-stock levels for a multistage serial supply chain
- Optimal replenishment strategy for inventory mechanism with step-shaped demand
- A note on the economic lot size of the integrated vendor-buyer inventory system derived without derivatives
- A one-vendor multi-buyer integrated inventory model
- A one-vendor multi-buyer integrated inventory model: A comment
- Optimizing the economic lot size of a three-stage supply chain with backordering derived without derivatives
- Production lot size problem with failure in repair and backlogging derived without derivatives
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