Value of Disruption Information in an EOQ Environment
IFORS International Conference, Barcelona, İspanya, 13 - 18 Temmuz 2014, ss.75, (Özet Bildiri)
- Yayın Türü: Bildiri / Özet Bildiri
- Basıldığı Şehir: Barcelona
- Basıldığı Ülke: İspanya
- Sayfa Sayıları: ss.75
- Orta Doğu Teknik Üniversitesi Adresli: Evet
Özet
Value of Disruption Information in an EOQ Environment
Ismail Serdar Bakal, Z. Pelin Bayindir, Deniz Esin Emer
We consider an infinite-horizon, continuous-review inventory model
with deterministic, stationary demand where supply is subject to disruption.
The supply process alternates randomly between ON and OFF
states. Backlogging is allowed only when the supplier is disrupted. We
seek the value of disruption information which enables the firm to place
an extra order when supply is disrupted. We derive the long-run average
cost utilizing the renewal theory, and characterize the order-up-to
levels. We also compare the results to the setting with no disruption
order opportunity.
Value of Disruption Information in an EOQ Environment
Ismail Serdar Bakal, Z. Pelin Bayindir, Deniz Esin Emer
We consider an infinite-horizon, continuous-review inventory model
with deterministic, stationary demand where supply is subject to disruption.
The supply process alternates randomly between ON and OFF
states. Backlogging is allowed only when the supplier is disrupted. We
seek the value of disruption information which enables the firm to place
an extra order when supply is disrupted. We derive the long-run average
cost utilizing the renewal theory, and characterize the order-up-to
levels. We also compare the results to the setting with no disruption
order opportunity.