UM  > 工商管理學院  > 會計及資訊管理學系
Analysis Of Supply Commitments With Unlimited Flexibilities
Zhaotong Lian1; Liming Liu2; Xiang Zhu2
2003
Conference NameThe Second International Conference on Information and Management Sciences
Source PublicationProceedings of the Second International Conference on Information and Management Sciences
Conference Date2003-8
Conference PlaceChengdu, China
Abstract

In this paper we explore an important class of supply contract called the Rolling Horizon Planning (RHP) Contracts in a single supplier and a single retailer system. We illustrate how RHP provides flexibility for a buyer to respond to uncertain market changes. Under such a contract a buyer has to commit requirements for a T-period rolling horizon with N-period information of the forecast demands. The buyer can also update the ordering quantities for the current period and future periods by paying the reorder or cancellation cost. We develop a general non-linear programming model for the study of the RHP contract. We also show that the optimal replenishment strategy follows an order-up-to policy. Numerical results reflect the impact of the length of forecasting periods on buyer's average cost and order quantities.

KeywordSupply Contract Inventory Cost
Indexed BySSCI
Language英语
WOS Research AreaComputer Science ; Engineering ; Operations Research & Management Science
WOS SubjectComputer Science, Interdisciplinary Applications ; Engineering, Industrial ; Operations Research & Management Science
WOS IDWOS:000237322400018
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Document TypeConference paper
CollectionDEPARTMENT OF ACCOUNTING AND INFORMATION MANAGEMENT
Affiliation1.Faculty of Business Administration, University of Macau
2.Department of Industrial Engineering and Engineering Management, Hong Kong University of Science and Technology
First Author AffilicationFaculty of Business Administration
Recommended Citation
GB/T 7714
Zhaotong Lian,Liming Liu,Xiang Zhu. Analysis Of Supply Commitments With Unlimited Flexibilities[C],2003.
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