Optimizing Value of Information Over an Infinite Time Horizon

2019 ◽  
Author(s):  
Sarthak Ghosh ◽  
C. R. Ramakrishnan
Keyword(s):  
Value Of Information ◽  
Time Horizon ◽  
Infinite Time ◽  
Infinite Time Horizon

THE VALUE OF INFORMATION SHARING IN A TWO-STAGE SUPPLY CHAIN WITH PRODUCTION CAPACITY CONSTRAINTS: THE INFINITE HORIZON CASE

2004 ◽  
Vol 18 (2) ◽  
pp. 247-274 ◽  
Author(s):  
David Simchi-Levi ◽  
Yao Zhao
Keyword(s):  
Supply Chain ◽  
Information Sharing ◽  
Value Of Information ◽  
Time Horizon ◽  
Production Capacity ◽  
Cyclic Order ◽  
Infinite Time ◽  
Two Stage ◽  
Infinite Time Horizon ◽  
The Impact

We study the value of information sharing in a two-stage supply chain with a single manufacturer and a single retailer in an infinite time horizon, where the manufacturer has finite production capacity and the retailer faces independent demand. The manufacturer receives demand information even during periods of time in which the retailer does not order. Allowing for time-varying cost functions, our objective is to characterize the impact of information sharing on the manufacturer's cost and service level. We develop a new approach to characterize the induced Markov chains under cyclic order-up-to policy and provide a simple proof for the optimality of cyclic order-up-to policy for the manufacturer under the average cost criterion. Using extensive computational analysis, we quantify the impact of information sharing on the manufacturer's performance in an infinite time horizon under both i.i.d. demand and independent but nonstationary demand.

Unique Open Loop Nash Equilibria on the Infinite Time Horizon

2001 ◽  
Vol 34 (20) ◽  
pp. 29-34
Author(s):  
Gerhard Jank ◽  
Dirk Kremer ◽  
Gábor Kun
Keyword(s):  
Time Horizon ◽  
Nash Equilibria ◽  
Open Loop ◽  
Infinite Time ◽  
Infinite Time Horizon

scholarly journals An inventory model for deteriorating items under time varying demand condition

2013 ◽  
Vol 8 (1) ◽  
pp. 1273-1278
Author(s):  
Srichandan Mishra ◽  
S.P. Mishra ◽  
N. Mishra ◽  
J. Panda
Keyword(s):  
Time Horizon ◽  
Cost Minimization ◽  
Inventory Model ◽  
Deteriorating Items ◽  
Time Varying ◽  
Infinite Time ◽  
Infinite Time Horizon ◽  
Demand Rate ◽  
Demand Condition ◽  
Varying Demand

In this paper we discuss the development of an inventory model for deteriorating items which investigates an instantaneous replenishment model for the items under cost minimization. A time varying type of demand rate with infinite time horizon, exponential deterioration and with shortage in considered. The result is illustrated with numerical example.

Singular Perturbation Based Solution to Optimal Microalgal Growth Problem and Its Infinite Time Horizon Analysis

2010 ◽  
Vol 55 (3) ◽  
pp. 767-772 ◽  
Author(s):  
Sergej Celikovsky ◽  
Stepan Papacek ◽  
Alejandro Cervantes-Herrera ◽  
Javier Ruiz-Leon
Keyword(s):  
Singular Perturbation ◽  
Time Horizon ◽  
Infinite Time ◽  
Infinite Time Horizon ◽  
Growth Problem
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