Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
1142488 | Operations Research Letters | 2011 | 5 Pages |
Abstract
In this paper, we derive an optimal ordering policy for an unreliable newsboy who can place two sequential orders before the start of a single selling season by using a demand forecast update. Supply yield is modeled using a uniform distribution considering both the minimum order guarantee and the maximum yield. Our results indicate that a firm should focus on increasing the minimum order guarantee from a first stage supplier to reduce its total supply chain cost.
Keywords
Related Topics
Physical Sciences and Engineering
Mathematics
Discrete Mathematics and Combinatorics
Authors
Divya Tiwari, Rahul Patil, Janat Shah,