A multi-period inventory model with multi-dimensional procurement bidding

被引:5
作者
Farahvash, Pooya [1 ]
Altiok, Tayfur [2 ]
机构
[1] CIT Grp Inc, Livingston, NJ 07039 USA
[2] Rutgers State Univ, Dept Ind & Syst Engn, Piscataway, NJ 08854 USA
关键词
Multi-period inventory models; Multi-dimensional biding; Reverse auctions; SUPPLY CHAIN; AUCTIONS;
D O I
10.1007/s10479-011-0893-4
中图分类号
C93 [管理学]; O22 [运筹学];
学科分类号
070105 ; 12 ; 1201 ; 1202 ; 120202 ;
摘要
We consider a multi-period inventory model with raw material procurements carried out via a reverse auction. Bids are multi-dimensional, and they consist of supplier information of price, shortage quantity and lead time. This work is an extension of our earlier work that has focused on multi-dimensional procurement auctions in single-period inventory models, to multi-period settings. The new model is based on a hybrid approach combining stochastic dynamic programming and simulation.
引用
收藏
页码:101 / 118
页数:18
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