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Author:Weng, Z.K.
McClurg, T.
Title:Coordinated ordering decisions for short life cycle products with uncertainty in delivery time and demand
Journal:European Journal of Operational Research
2003 : NOV, VOL. 151:1, p. 12-24
Index terms:Supply chain management
Coordination
Uncertainty
Language:eng
Abstract:The authors consider a two-party system, in which the buyer orders a product from the supplier, whose delivery time is uncertain. The buyer is faced with random demand over a selling period of fixed lenght. The supplier aims to deliver the product at the start of the selling period, and if the delivery is late the buyer in compensated by the supplier. The focus of this paper is on assessing the value and limitations of supplier-buyer coordination in coping with the uncertainty both in demand and delivery time. The authors use the newsvendor model in their analysis.
SCIMA record nr: 254448
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