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

DOI10.1007/S00186-005-0004-XMaRDI QIDQ883076zbMATH OpenOpenAlexFDO

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

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)

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Cites work

• scientific article; zbMATH DE number 4061056 (Why is no real title available?)
• An optimal \((Q,r)\) policy for a multipart assembly system under stochastic part procurement lead times
• 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
• Beyond the c rule: Dynamic scheduling of a two-class loss queue
• Conditions for characterizing the structure of optimal strategies in infinite-horizon dynamic programs
• Flexible and risk-sharing supply contracts under price uncertainty
• Minimizing a Submodular Function on a Lattice
• Monotone Optimal Control of Permutable GSMPs
• Monotone control of queueing networks
• Optimal Dynamic Scheduling Policy for a Make-To-Stock Production System
• Optimal scheduling of two competing queues with blocking
• Sourcing decisions with capacity reservation contracts

Cited in

(1)

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

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