Optimal purchasing policy in a two-component assembly system with different purchasing contracts for each component

DOI10.1007/S00186-005-0004-XzbMATH Open1112.91042OpenAlexW2039739963MaRDI QIDQ883076FDOQ883076

Authors: Eungab Kim, Kaphoon Lee, Suk-Ho Kang 

Publication date: 31 May 2007

Published in: Mathematical Methods of Operations Research (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1007/s00186-005-0004-x

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zbMATH Keywords

Markov decision processesSensitivity analysisAssemblyPurchasing policySupply contract

Mathematics Subject Classification ID

Sensitivity, stability, parametric optimization (90C31) Production theory, theory of the firm (91B38) Markov and semi-Markov decision processes (90C40)

Cites Work

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• Minimizing a Submodular Function on a Lattice
• Conditions for characterizing the structure of optimal strategies in infinite-horizon dynamic programs
• Optimal Dynamic Scheduling Policy for a Make-To-Stock Production System
• Sourcing decisions with capacity reservation contracts
• Flexible and risk-sharing supply contracts under price uncertainty
• Analysis of supply contracts with minimum total order quantity commitments and non-stationary demands
• Applying a New Device in the Optimization of Exponential Queuing Systems
• An optimal \((Q,r)\) policy for a multipart assembly system under stochastic part procurement lead times
• Monotone control of queueing networks
• Monotone Optimal Control of Permutable GSMPs
• Beyond the \(c\mu\) rule: Dynamic scheduling of a two-class loss queue
• Optimal scheduling of two competing queues with blocking

Cited In (1)

• Optimal procurement strategies for contractual assembly systems with fluctuating procurement price

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