Publication: An EOQ model with multiple suppliers and random capacity
Program
KU-Authors
KU Authors
Co-Authors
Erdem, Aslı Sencer
Fadıloğlu, Mehmet Murat
Publication Date
Language
Type
Embargo Status
Journal Title
Journal ISSN
Volume Title
Alternative Title
Abstract
We consider an EOQ model with multiple suppliers that have random capacities, which leads to uncertain yield in orders. A given order is fully received from a supplier if the order quantity is less than the supplier's capacity; otherwise. the quantity received is equal to the available capacity. The optimal order quantities for the suppliers can be obtained as the unique solution of an implicit set of equations in which the expected unsatisfied order is the same for each supplier. Further characterizations and properties are obtained for the uniform and exponential capacity cases with discussions on the issues related to diversification among suppliers.
Source
Publisher
Wiley
Subject
Operations research, Management science
Citation
Has Part
Source
Naval Research Logistics
Book Series Title
Edition
DOI
10.1002/nav.20125