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| Author: | Krajewski, L. Wei, J. C. |
| Title: | The Value of Production Schedule Integration in Supply Chains |
| Journal: | Decision Sciences
2001 : FALL, VOL. 32:4, p. 601-634 |
| Index terms: | INVENTORY CONTROL SCHEDULING STOCHASTIC PROCESSES SUPPLY CHAIN MANAGEMENT |
| Language: | eng |
| Abstract: | This study explores the value of integrated production schedules for reducing the negative effects of schedule revisions in supply chains involving buyer and supplier firms. A stochastic cost model is developed to evaluate the total supply chain cost with integrated purchasing and scheduling policies. The model minimizes the costs associated with assembly rate adjustment, safety stock, and schedule changes for all supply chain members. Through experimentation, the paper examines the impact of several environmental factors on the value of schedule integration. This study finds that schedule integration can lead to overall cost savings in a supply chain, but some firms may have to absorb costs in excess of those they would incur with independent scheduling. |
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