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Project

The study of a two-echelon integrated production/inventory system solved by means of matrix analytic methods.

We model a two echelon retailer-manufacturer supply chain as an integrated productio/inventory system, which means that we explicitly take the interaction between the retailers inventory control system and the manufacturers production process into account. In contrast to a conventional inventory system where lead times are assumed to be exogenous variables, the replenishment lead time in production/inventory systems are endogenously determined by the production system. Instead of using general distributions, we use phase-type distributions in our analysis and we use matrix analytical solution methods.
Date:1 Jan 2010 →  31 Dec 2013
Keywords:Production/inventory systems, Queuing methods, Bullwhip effect, Matrix analytical methods
Disciplines:Business administration and accounting, Management