2018
DOI: 10.15807/jorsj.61.217
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Dynamic Inventory Control Model With Flexible Supply Network

Abstract: In this paper, we consider the inventory problem of a firm facing disruption probability in its supply chain which consists of multiple suppliers and multiple demand nodes. The firm wishes to minimize its total expected cost in a finite time horizon setting. In order to manage the supply chain disruption, we introduce flexibility into the supply chain network of our inventory management problem. The problem is formulated as a Markov decision process, and a state-dependent optimal threshold policy is derived. W… Show more

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