Reference : Inventory control in a decentralized two-stage make-to-stock queuing system

	Document type :	Scientific congresses and symposiums : Paper published in a book
	Discipline(s) :	Business & economic sciences : Production, distribution & supply chain management
	To cite this reference:	http://hdl.handle.net/2268/120872

Title :	Inventory control in a decentralized two-stage make-to-stock queuing system
Language :	English
Author, co-author :	Arda, Yasemin [Université de Liège - ULg > HEC-Ecole de gestion de l'ULg : UER > UER Opérations : Supply Chain Management >]
	HENNET, Jean-Claude [Laboratoire des Sciences de l'Information et des Systèmes (LSIS) de Marseille > > > >]
Publication date :	17-May-2006
Main document title :	INCOM 06, 12th IFAC Symposium on Information Control Problems in Manufacturing, Saint-Etienne, France, 17-19 May 2006
Peer reviewed :	Yes
On invitation :	No
Audience :	International
Event name :	INCOM 06, 12th IFAC Symposium on Information Control Problems in Manufacturing
Event date :	17-19 May 2006
Event organizer :	Ecole Nationale Supérieure des Mines de Saint-Etienne
Event place (city) :	Saint-Etienne
Event country :	France
Keywords :	[en] inventory control ; manufacturing systems ; stochastic modelling
Abstract :	[en] In an Enterprise network, several companies interact to produce families of goods. Each member company seeks to optimize his own production and inventory policy to maximize his profit. These objectives are generally antagonistic and can lead to contradictory choices in the context of a network with a high degree of local decisional autonomy. To avoid a global loss of economic efficiency, the network should be equipped with a coordination mechanism. The present paper describes a coordination contract negotiated between a manufacturer and a supplier. The purpose of the negotiation is to determine the price of the supplied intermediate goods and the delay penalty in case of a late delivery. For a manufacturer with a dominant contracting position, the outcome of the negotiation can be computed as a Stackelberg equilibrium point. Under the resulting contract, the two-stage supply chain reaches globally optimal running conditions with the maximal possible profit obtained by the manufacturer and the smallest acceptable profit obtained by the supplier.
Target :	Researchers ; Professionals ; Students
Permalink :	http://hdl.handle.net/2268/120872

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