Analysis of supply contracts with minimum total order quantity commitments and non-stationary demands

被引:36
作者
Chen, FY
Krass, D
机构
[1] Natl Univ Singapore, Fac Business Adm, Singapore 119260, Singapore
[2] Univ Toronto, Rotman Sch Business, Toronto, ON M5S 1V5, Canada
关键词
purchasing; supply contracts; procurement management; inventory models;
D O I
10.1016/S0377-2217(99)00445-2
中图分类号
C93 [管理学];
学科分类号
12 ; 1201 ; 1202 ; 120202 ;
摘要
In this paper we address a buyer-supplier arrangement of particular importance: total order quantity commitment (TOQC). Under the TOQC contract that has been negotiated between the buyer and the supplier, the former agrees to an obligation to procure a certain quantity of an item from the latter over the predetermined period of time (additional quantity can be obtained maybe at a different price). The optimal inventory replenishment policy is shown to be dual order-up-to levels under a given TOQC, and the optimal TOQC is also demonstrated to be mathematically straightforward to obtain. (C) 2001 Elsevier Science B.V. All rights reserved.
引用
收藏
页码:309 / 323
页数:15
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