Evaluating supply chain flexibility with order quantity constraints and lost sales

Kesen, Saadettin Erhan; Kanchanapiboon, Atipol; Das, Sanchoy K.

doi:10.1016/j.ijpe.2010.03.006

Cited by 34 publications

(5 citation statements)

References 16 publications

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“…Other related works on MinOQ requirements include Chang ( 2004 ), Kesen et al. ( 2010 ), Okhrin and Richter ( 2011 ), Chow et al. ( 2012 ), Park and Klabjan ( 2015 ) and Hou et al.…”

Section: Literature Reviewmentioning

confidence: 99%

A simple heuristic policy for stochastic inventory systems with both minimum and maximum order quantity requirements

Han

2022

Ann Oper Res

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In this paper, we consider a periodic-review stochastic inventory system with both minimum and maximum order quantity (MinOQ and MaxOQ, respectively) requirements. In each period, if an order is placed, the order quantity is bounded, at least at the MinOQ and at most the MaxOQ. The optimal policy of such a system is unknown, and even if it exists, it must be quite complicated. We propose a heuristic policy, called the modified ( s , S ) policy, under which whenever the inventory position drops to the reorder point s or below, an order is placed to raise the inventory position as close as possible to the order-up-to level S . Applying a discrete-time Markov chain approach, we are able to compute the system-wide long-run average cost. We provide bounds for the optimal values of s and S and design an efficient algorithm to optimize our proposed policy. In addition, the proposed heuristic policy has excellent performance in our numerical studies. We also measure the impact of some inventory parameters. Supplementary Information The online version supplementary material available at 10.1007/s10479-021-04441-1.

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“…Other related works on MinOQ requirements include Chang ( 2004 ), Kesen et al. ( 2010 ), Okhrin and Richter ( 2011 ), Chow et al. ( 2012 ), Park and Klabjan ( 2015 ) and Hou et al.…”

Section: Literature Reviewmentioning

confidence: 99%

A simple heuristic policy for stochastic inventory systems with both minimum and maximum order quantity requirements

Han

2022

Ann Oper Res

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“…It should be noted that supply chain flexibility can be identified from a systematic and customer-oriented perspective, which means that it is the shared responsibility of multiple functional departments along the supply chain and strives to increase customer value [20]. Moreover, scholars have reached a consensus that supply chain flexibility refers to the ability to respond quickly and cost-effectively to various uncertainties in the supply chain [21][22][23]. Owning to the extensive role of flexibility, research on various kinds of flexibility in the supply chain has been paid increasing attention.…”

Section: Supply Chain Flexibilitiesmentioning

confidence: 99%

Fuzzy DEMATEL-QFD for Designing Supply Chain of Shipbuilding Materials Based on Flexible Strategies

Zhu

Wang

2021

JMSE

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Shipbuilding materials are characterized by diverse kinds, large quantities and wide distribution of suppliers, which make the supply network complicated. Complex networks have led to increasing uncertainties that may cause disruptions in the supply chain. Flexibility is an effective measure to cope with uncertainty, thus this paper aims to integrate flexibility into the supply chain of shipbuilding materials and explore supply, logistics, organization and quality flexibility by focusing on the requirements of shipbuilding enterprises. This paper combines Quality Function Deployment (QFD), fuzzy theory and Decision Making Trial and Evaluation Laboratory (DEMATEL) methods to guide practical design. After determining five customer requirements (CRs) and 24 design requirements (DRs), QFD links CRs and DRs to determine the most important feasible DRs for improvement of supply chain flexibility. Research results reveal that the most important design requirements can be summarized into four aspects, namely domestic procurement, supply chain member cooperation, supplier supervision, and emergency response construction. Moreover, it is found that long-term strategic partnerships with suppliers and strategic logistics outsourcing are effective strategies. This paper provides insight into implications for strategic decisions of shipbuilding enterprises.

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“…Helfat, Finkelstein, Mitchell, Peteraf, Singh, Teece & Winter (2007) defined dynamic capability as "the capacity of an organization to purposefully, create, extend, and modify its resource base". The resource base of an organization includes its physical, human and organizational assets (Eisenhardt and Martin, 2000;Ambrosini, Bowman & Collier, 2009).Dynamic capabilities are learned and stable patterns of behavior through which a firm systematically generates and modifies its way of doing things; so that it can become more effective (Zollo & Winter, 2002).In dynamic environments fraught with increasing uncertainties, it is beneficial for firms to have greater flexibility in operations and allied stages and procedures so that it is easy to respond to undesired situations. The firms also need to have dynamic capabilities to respond to dynamic environments.…”

Section: Supply Chain Flexibility: a Relational Modelmentioning

confidence: 99%

Towards an Empirical-Relational Model of Supply Chain Flexibility

Мандал

2015

International Journal of Information Systems and Supply Chain Management

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Supply chains are prone to disruptions and associated risks. To develop capabilities for risk mitigation, supply chains need to be flexible. A flexible supply chain can respond better to environmental contingencies. Based on the theoretical tenets of resource-based view, relational view and dynamic capabilities theory, the current study develops a relational model of supply chain flexibility comprising trust, commitment, communication, co-operation, adaptation and interdependence. Subsequently the model is empirically validated based on a web based survey of 132 supply chain professionals in the Indian context.

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Evaluating supply chain flexibility with order quantity constraints and lost sales

Cited by 34 publications

References 16 publications

A simple heuristic policy for stochastic inventory systems with both minimum and maximum order quantity requirements

A simple heuristic policy for stochastic inventory systems with both minimum and maximum order quantity requirements

Fuzzy DEMATEL-QFD for Designing Supply Chain of Shipbuilding Materials Based on Flexible Strategies

Towards an Empirical-Relational Model of Supply Chain Flexibility

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