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

被引：0
作者：
Pooya Farahvash
Tayfur Altiok
机构：
[1] CIT Group Inc.,Department of Industrial and Systems Engineering
[2] Rutgers,undefined
[3] the State University of New Jersey,undefined
来源：
Annals of Operations Research | 2011年 / 186卷
关键词：
Multi-period inventory models; Multi-dimensional biding; Reverse auctions;
D O I：
暂无
中图分类号：
学科分类号：
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.
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