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Dual Sourcing: With arbitrary stochastic demand and stochastic lead times ePub download

by Ulrich Schimpel

  • Author: Ulrich Schimpel
  • ISBN: 3866445288
  • ISBN13: 978-3866445284
  • ePub: 1108 kb | FB2: 1297 kb
  • Language: English
  • Publisher: KIT Scientific Publishing (September 30, 2010)
  • Pages: 362
  • Rating: 4.8/5
  • Votes: 763
  • Format: lrf azw lrf lit
Dual Sourcing: With arbitrary stochastic demand and stochastic lead times ePub download

Ulrich Schimpel's scientific contributions. It is the impact of lead time variability on inventory management that is the central aspect of this book.

Ulrich Schimpel's scientific contributions. Publications (3). Source. Dual sourcing : with arbitrary stochastic demand and stochastic lead times. Companies with high-performing supply chains enjoy essential competitive ad- vantages.

Dual sourcing with arbitrary stochastic demand and stochastic lead times.

Schimpel, Ulrich (Author). supply chain management, inventory management, dual sourcing, replenishment policy, logistics.

This bears the risk of significantly increased lead times and lead time variability.

Segmentation of Stochastic Images With a. Stochastic Random Walker . demand The firm makes a sourcing decision to satisfy total demand x, which is uncertain with density function f(x) and distribution function F(x). Stochastic Random Walker Method. Sourcing Decisions with Stochastic Supplier Reliability and Stochastic. In particular, we characterize specific conditions under which a firm should choose a single versus multiple supplier sourcing strategy. The firm makes a sourcing decision to satisfy total demand x, which is uncertain with density function f(x) and distribution function F(x). In line with the newsvendor framework, we assume that selling price per unit (p) is known and fixed as are the unit salvage value (s) for unsold stock and unit underage cost (u) for unsatisfied demand.

The concept arises in decision theory and decision analysis in situations where one gamble (a probability distribution over possible outcomes, also known as prospects) can be ranked as superior to another gamble for a broad class of decision-makers.

A stochastic inventory model of dual sourced supply chain with lead-time reduction. Sole sourcing versus dual sourcing under stochastic demands and lead times. Si Wook Ryu, Kyung Keun Lee. 2003. Chi Chiang, W. C. Benton. Hon-Shiang Lau, Long-Geng Zhao. Just-In-Time purchasing: Single or multiple sourcing? Jae-Dong Hong, Jack C. Hayya.

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q Responsibilities include development and consulting on the IBM Advanced Cross-Inventory Optimizer (AXIO). q Deterministic Plan Out of Synch with Real Time Execution: What, How Much, When. Simulatio n. INV. Stochastic Planning Factors Independent and. Propagated Demand. Asset Position (WIP, INV).

We consider the case of stochastic leadtimes, where the leadtimes are . We use simulation to study the sensitivity of the system to the distribution of the lead times. Inventory systems Lead times Fluid queues with jumps. Mathematics Subject Classification (2000).

Companies with high-performing supply chains enjoy essential competitive ad-vantages. However, supply chain management faces an environment of rising risk that endangers these competitive advantages. One of the reasons is to outsource parts of their business. This bears the risk of significantly increased lead times and lead time variability. It is the impact of lead time variability on inventory management that is the central aspect of this book. It describes a mathematical model for dual sourcing with two reorder points, shows the deviation between stochastic and deterministic calculations in a sensitivity analysis, and investigates different relaxations of a traditional dual-sourcing policy.
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