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130. Production, pricing and transshipment control on a backlogging manufacturing system
Invited abstract in session MB-28: Advancements of OR-analytics in statistics, machine learning and data science 2, stream Advancements of OR-analytics in statistics, machine learning and data science.
Monday, 10:30-12:00Room: 065 (building: 208)
Authors (first author is the speaker)
| 1. | Jianjun Xu
|
| Dongbei University of Finance and Economics |
Abstract
We study a backlogging inventory model of a manufacturing system with two facilities that periodically produces, transfers and sells a product to stochastic and price-sensitive demands. By expounding an insightful difference in reactive transshipment decisions between lost-sales and backlogging models, we characterize inefficient backorder transshipment around the facilities in the backlogging situations and demonstrate, on account of the inefficient backorder transshipment, that optimal production,
pricing, and transshipment decisions can retain complementarity for a group of variables, and behave monotonically. Further, we perform the monotone comparative statics of the complementary variables to establish sensitivities for substitutable demands to optima pricing decisions.
Keywords
- Inventory
- Programming, Dynamic
- Supply Chain Management
Status: accepted
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