Using Simulation Modeling and Analysis to Assess the Effect of Variability and Flexibility on Supply Chain Lead Time

2014 ◽  
pp. 127-139
Author(s):  
Seratun Jannat ◽  
Allen Greenwood
Keyword(s):  
Supply Chain ◽  
Simulation Modeling ◽  
Lead Time ◽  
Modeling And Analysis

Simulation Modeling and Analysis.

1983 ◽  
Vol 78 (383) ◽  
pp. 743 ◽  
Author(s):  
Mark J. Schervish ◽  
Averill M. Law ◽  
W. David Kelton
Keyword(s):  
Simulation Modeling ◽  
Modeling And Analysis

scholarly journals Three-Echelon Inventory Model with Permissible Delay in Payments under Controllable Lead Time and Backorder Consideration

2014 ◽  
Vol 2014 ◽  
pp. 1-16 ◽  
Author(s):  
M. F. Yang ◽  
Wei-Chung Tseng
Keyword(s):  
Supply Chain ◽  
Lead Time ◽  
Critical Issue ◽  
Solution Procedure ◽  
Inventory Model ◽  
Permissible Delay In Payments ◽  
Inventory Policy ◽  
Controllable Lead Time ◽  
Key Factor ◽  
Delay In Payments

This paper proposes a three-echelon inventory model with permissible delay in payments under controllable lead time and backorder consideration to find out the suitable inventory policy to enhance profit of the supply chain. In today’s highly competitive market, the supply chain management has become a critical issue in both practice and academic and supply chain members have to cooperate with each other to bring more benefits. In addition, the inventory policy is a key factor to influence the performance of the supply chain. Therefore, in this paper, we develop a three-echelon inventory model with permissible delay in payments under controllable lead time and backorder consideration. Furthermore, the purpose of this paper is to maximize the joint expect total profit on inventory model and attempt to discuss the inventory policy under different conditions. Finally, with a numerical example provided here to illustrate the solution procedure, we may discover that decision-makers can control lead time and payment time to enhance the performance of the supply chain.

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