کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
5082641 1477648 2007 9 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
Leadtime reduction in a (Q,r) inventory system: An agency perspective
کلمات کلیدی
موضوعات مرتبط
مهندسی و علوم پایه سایر رشته های مهندسی مهندسی صنعتی و تولید
پیش نمایش صفحه اول مقاله
Leadtime reduction in a (Q,r) inventory system: An agency perspective
چکیده انگلیسی

We examine the problem of designing and implementing a continuous-review (Q,r) inventory system from an agency perspective, in which the agent's effort influences the item's replenishment leadtime. Our results are as follows: if the agent is risk-neutral, a linear or quadratic contract achieves first-best. For a risk-averse agent with an exponential utility function, assuming a normal leadtime distribution, we determine the optimal linear contract. Extensive numerical experiments suggest that ignoring the possible influence of the agent on the replenishment leadtime can be costly, but that the cost penalty of ignoring agency can be significantly reduced by a simple contract.

ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: International Journal of Production Economics - Volume 105, Issue 1, January 2007, Pages 204-212
نویسندگان
, ,