Optimal Ordering Policy and Coordination Mechanism of a Supply Chain with Controllable Lead-Time-Dependent Demand Forecast

@inproceedings{Song2014OptimalOP,
  title={Optimal Ordering Policy and Coordination Mechanism of a Supply Chain with Controllable Lead-Time-Dependent Demand Forecast},
  author={Hua-Ming Song and Hui Yang and Jian-qiang Luo},
  year={2014}
}
This paper investigates the ordering decisions and coordinationmechanism for a distributed shortlife-cycle supply chain. The objective is to maximize the whole supply chain’s expected profit and meanwhile make the supply chain participants achieve a Pareto improvement. We treat lead time as a controllable variable, thus the demand forecast is dependent on lead time: the shorter lead time, the better forecast. Moreover, optimal decision-making models for lead time and order quantity are… CONTINUE READING