Document Type
Article
Publication Date
10-14-2022
Journal / Book Title
Uncertain Supply Chain Management
Abstract
This research constructs a mathematical scheme to explore replenishment-shipment decisions for a multiproduct producer-client coordinated finite production rate (FPR) model with the postponement, rework, and subcontracting plan. The considered multiple goods have a common component, and a batch FPR fabrication with postponement is planned to meet the annual multiproduct requirements. The first fabricating phase makes only the standard components needed for a batch and subcontracts a proportion of them (with additional cost) to expedite the process. In contrast, the second fabricating phase produces the finished multiple merchandise in sequence. The in-house rework processes with extra expense help retain the desirable quality. Each merchandise’s finished batch is transported to the clients in equal-sized numerous shipments. This study derives the optimal batch cycle length and transporting frequency by minimizing the overall fabricating-shipment expenses (including clients’ holding costs). This work offers a numerical example demonstrating various crucial system features influenced by the factors of subcontracting, postponement, rework, and transportation policies to facilitate managerial decision making in industries.
DOI
10.5267/j.uscm.2022.10.005
Journal ISSN / Book ISBN
ISSN 2291-6830
MSU Digital Commons Citation
Chiu, Yuan-Shyi Peter; Yan, Ting-Fang; Wang, Yunsen; and Wang, Hui-Chi, "Replenishment-shipment Decision for a Multiproduct Producer-client Coordinated FPR Model with Postponement, Rework and Subcontracting" (2022). Department of Accounting and Finance Faculty Scholarship and Creative Works. 149.
https://digitalcommons.montclair.edu/acctg-finance-facpubs/149
Published Citation
Chiu, Y., Yan, T., Wang, Y & Wang, H. (2023). Replenishment-shipment decision for a multiproduct producer-client coordinated FPR model with postponement, rework and subcontracting.Uncertain Supply Chain Management, 11(1), 213-226.
Included in
Accounting Commons, Corporate Finance Commons, Finance and Financial Management Commons, Operations and Supply Chain Management Commons
Comments
This is an open access article distributed under the terms and conditions of the Creative Commons Attribution (CC-BY) license (http://creativecommons.org/licenses/by/4.0/).