Coordinated production : inventory decision in a multi-stage supply chain

By: Call Number: AIT Thesis no.ISE-09-32 Contributor(s): Material type: TextSeries: Asian Institute of Technology. Thesis ; no. ISE-09-32Publication details: Pathum Thani : Asian Institute of Technology, 2009Description: 40 p. : ill., chartsSubject(s): Online resources: Dissertation note: Thesis (M.Eng.) - Asian Institute of Technology, 2009 Summary: In this research, a three-stage supply chain model is consideredin which a firm can supply many customers. Moreover, the downstream firmscanorder raw materials from many upstream firms and all upstream companies are not necessary in operation. A mathematical model is developed to help determine the optimal total cost which includes the inventory holding cost, the setup cost and the ordering cost.Two inventory coordination mechanisms which arethe equal cycle time and the integer multiplier cycle time analyzed. The objective is to determine the optimal lead time T and the optimal ordering amountswhich are placedto the upstream firms from the downstream firms that minimized the total cost of the whole multi-stage supply chain. To accomplish this, aninteger nonlinear program is formulated and solved. The numerical results are conductedto illustrate the applicabilityof the developed model.It can be concluded that the proposedmodel is useful for makingoptimal coordinated production {u2013}inventory decisions in a multi-stage supply chain.
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A thesis submitted in partial fulfillment of the requirements for the degree of Master of Engineering inIndustrial and ManufacturingEngineering, School of Engineering and Technology

In this research, a three-stage supply chain model is consideredin which a firm can supply many customers. Moreover, the downstream firmscanorder raw materials from many upstream firms and all upstream companies are not necessary in operation. A mathematical model is developed to help determine the optimal total cost which includes the inventory holding cost, the setup cost and the ordering cost.Two inventory coordination mechanisms which arethe equal cycle time and the integer multiplier cycle time analyzed. The objective is to determine the optimal lead time T and the optimal ordering amountswhich are placedto the upstream firms from the downstream firms that minimized the total cost of the whole multi-stage supply chain. To accomplish this, aninteger nonlinear program is formulated and solved. The numerical results are conductedto illustrate the applicabilityof the developed model.It can be concluded that the proposedmodel is useful for makingoptimal coordinated production {u2013}inventory decisions in a multi-stage supply chain.

Thesis (M.Eng.) - Asian Institute of Technology, 2009

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