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Optimal production and rationing decisions in supply chains with information sharing |
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| Authors: | Boray Huang |
| Affiliation: | a School of Business Administration, University of Mississippi, University, MS 38677, USA b Department of Industrial Engineering and Management Sciences, Northwestern University, 2145 Sheridan Road, C210 Tech., Evanston, IL 60208, USA |
| Abstract: | This paper considers a two-echelon capacitated supply chain with two non-identical retailers and information sharing. We characterize the optimal inventory policies. We also study the benefits of the optimal stock rationing policy over the first come first served (FCFS) and the modified echelon-stock rationing (MESR) policies. |
| Keywords: | Stock rationing Information sharing Markov decision process Supply chain Production scheduling |
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