Supply chain with inventory review and dependent demand distributions: Dynamic inventory outsourcing

Konstantin Kogan; Sheldon Lou; Charles S. Tapiero; Matan Shnaiderman

doi:10.1109/TASE.2008.2006569

Supply chain with inventory review and dependent demand distributions: Dynamic inventory outsourcing

Konstantin Kogan, Sheldon Lou, Charles S. Tapiero, Matan Shnaiderman

Finance and Risk Engineering

Research output: Contribution to journal › Article › peer-review

Abstract

In this paper, we consider inventory outsourcing by a producer to a distributor. The distributor charges a cost for each unit it handles and the manufacturer responds with a production and inventory policy over a finite contract period. As a result, the two parties enter a noncooperative differential game. We address the effect of information asymmetry in such a game under a stochastic demand when the inventory level can only be observed by the manufacturer intermittently.

Original language	English (US)
Article number	4745826
Pages (from-to)	197-207
Number of pages	11
Journal	IEEE Transactions on Automation Science and Engineering
Volume	7
Issue number	2
DOIs	https://doi.org/10.1109/TASE.2008.2006569
State	Published - Apr 2010

Keywords

Differential games
Dynamic programming/optimal control applications
Inventory/production policies

ASJC Scopus subject areas

Control and Systems Engineering
Electrical and Electronic Engineering

Access to Document

10.1109/TASE.2008.2006569

Cite this

@article{b450e4f6012546548eb286b1f6611ad6,

title = "Supply chain with inventory review and dependent demand distributions: Dynamic inventory outsourcing",

abstract = "In this paper, we consider inventory outsourcing by a producer to a distributor. The distributor charges a cost for each unit it handles and the manufacturer responds with a production and inventory policy over a finite contract period. As a result, the two parties enter a noncooperative differential game. We address the effect of information asymmetry in such a game under a stochastic demand when the inventory level can only be observed by the manufacturer intermittently.",

keywords = "Differential games, Dynamic programming/optimal control applications, Inventory/production policies",

author = "Konstantin Kogan and Sheldon Lou and Tapiero, {Charles S.} and Matan Shnaiderman",

year = "2010",

month = apr,

doi = "10.1109/TASE.2008.2006569",

language = "English (US)",

volume = "7",

pages = "197--207",

journal = "IEEE Transactions on Automation Science and Engineering",

issn = "1545-5955",

publisher = "Institute of Electrical and Electronics Engineers Inc.",

number = "2",

}

TY - JOUR

T1 - Supply chain with inventory review and dependent demand distributions

T2 - Dynamic inventory outsourcing

AU - Kogan, Konstantin

AU - Lou, Sheldon

AU - Tapiero, Charles S.

AU - Shnaiderman, Matan

PY - 2010/4

Y1 - 2010/4

N2 - In this paper, we consider inventory outsourcing by a producer to a distributor. The distributor charges a cost for each unit it handles and the manufacturer responds with a production and inventory policy over a finite contract period. As a result, the two parties enter a noncooperative differential game. We address the effect of information asymmetry in such a game under a stochastic demand when the inventory level can only be observed by the manufacturer intermittently.

AB - In this paper, we consider inventory outsourcing by a producer to a distributor. The distributor charges a cost for each unit it handles and the manufacturer responds with a production and inventory policy over a finite contract period. As a result, the two parties enter a noncooperative differential game. We address the effect of information asymmetry in such a game under a stochastic demand when the inventory level can only be observed by the manufacturer intermittently.

KW - Differential games

KW - Dynamic programming/optimal control applications

KW - Inventory/production policies

UR - http://www.scopus.com/inward/record.url?scp=77950865043&partnerID=8YFLogxK

UR - http://www.scopus.com/inward/citedby.url?scp=77950865043&partnerID=8YFLogxK

U2 - 10.1109/TASE.2008.2006569

DO - 10.1109/TASE.2008.2006569

M3 - Article

AN - SCOPUS:77950865043

SN - 1545-5955

VL - 7

SP - 197

EP - 207

JO - IEEE Transactions on Automation Science and Engineering

JF - IEEE Transactions on Automation Science and Engineering

IS - 2

M1 - 4745826

ER -

Supply chain with inventory review and dependent demand distributions: Dynamic inventory outsourcing

Abstract

Keywords

ASJC Scopus subject areas

Access to Document

Other files and links

Fingerprint

Cite this