TY - JOUR
T1 - Supply chain with inventory review and dependent demand distributions
T2 - Dynamic inventory outsourcing
AU - Kogan, Konstantin
AU - Lou, Sheldon
AU - Tapiero, Charles S.
AU - Shnaiderman, Matan
PY - 2010/4
Y1 - 2010/4
N2 - In this paper, we consider inventory outsourcing by a producer to a distributor. The distributor charges a cost for each unit it handles and the manufacturer responds with a production and inventory policy over a finite contract period. As a result, the two parties enter a noncooperative differential game. We address the effect of information asymmetry in such a game under a stochastic demand when the inventory level can only be observed by the manufacturer intermittently.
AB - In this paper, we consider inventory outsourcing by a producer to a distributor. The distributor charges a cost for each unit it handles and the manufacturer responds with a production and inventory policy over a finite contract period. As a result, the two parties enter a noncooperative differential game. We address the effect of information asymmetry in such a game under a stochastic demand when the inventory level can only be observed by the manufacturer intermittently.
KW - Differential games
KW - Dynamic programming/optimal control applications
KW - Inventory/production policies
UR - http://www.scopus.com/inward/record.url?scp=77950865043&partnerID=8YFLogxK
U2 - 10.1109/tase.2008.2006569
DO - 10.1109/tase.2008.2006569
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AN - SCOPUS:77950865043
SN - 1545-5955
VL - 7
SP - 197
EP - 207
JO - IEEE Transactions on Automation Science and Engineering
JF - IEEE Transactions on Automation Science and Engineering
IS - 2
M1 - 4745826
ER -