Analysis of a Dual-Source Production-Inventory Problem With Quantity Constraints
Document Type
Article
Publication Date
1-1-2011
Journal / Book Title
International Journal of Applied Decision Sciences
Abstract
In this paper, we study a production-outsourcing problem in which the firm has two supply sources. Demands are random variables and supply/production capacity is unlimited. We discuss the problem, analyse the firm's sourcing strategies, and compute the policies. The policies are then evaluated through extensive simulation studies that aim to provide important insights with respect to the performance under varied demand and cost parameters as well as different service level requirements of the firm.
DOI
10.1504/IJADS.2011.038088
Journal ISSN / Book ISBN
ISSN: 1755-8077
MSU Digital Commons Citation
Zhou, Bin; Wang, John; and Yan, Ruiliang, "Analysis of a Dual-Source Production-Inventory Problem With Quantity Constraints" (2011). Department of Information Management and Business Analytics Faculty Scholarship and Creative Works. 38.
https://digitalcommons.montclair.edu/infomgmt-busanalytics-facpubs/38
Published Citation
Zhou, B., Wang, J., & Yan, R. (2011). Analysis of a dual-source production-inventory problem with quantity constraints. International Journal of Applied Decision Sciences, 4(1), 1-15.