scholarly journals Simple Heuristics for Optimal Inventory Policies in Supply Chains

2011 ◽  
pp. 106-128 ◽  
Author(s):  
Kevin H. Shang
Keyword(s):  
Supply Chains ◽  
Inventory Policies ◽  
Simple Heuristics

Characterizing order processes of using (R,nQ) inventory policies in supply chains

Omega ◽  
2008 ◽  
Vol 36 (6) ◽  
pp. 1096-1104 ◽  
Author(s):  
Xiaoming Li ◽  
V. Sridharan
Keyword(s):  
Supply Chains ◽  
Inventory Policies

Inventory policies and information sharing in multi-echelon supply chains

2011 ◽  
Vol 22 (7) ◽  
pp. 649-659 ◽  
Author(s):  
Salvatore Cannella ◽  
Elena Ciancimino ◽  
Jose M. Framinan
Keyword(s):  
Supply Chains ◽  
Information Sharing ◽  
Inventory Policies

scholarly journals Minimization of Drug Shortages in Pharmaceutical Supply Chains: A Simulation-Based Analysis of Drug Recall Patterns and Inventory Policies

Complexity ◽  
2018 ◽  
Vol 2018 ◽  
pp. 1-14 ◽  
Author(s):  
Rana Azghandi ◽  
Jacqueline Griffin ◽  
Mohammad S. Jalali
Keyword(s):  
Health Care ◽  
Supply Chains ◽  
Performance Measures ◽  
The United States ◽  
Product Recalls ◽  
Inventory Policies ◽  
Inventory Policy ◽  
Drug Shortages ◽  
Pharmaceutical Supply Chains ◽  
Health Care Centers

The drug shortage crisis in the last decade not only increased health care costs but also jeopardized patients’ health across the United States. Ensuring that any drug is available to patients at health care centers is a problem that official health care administrators and other stakeholders of supply chains continue to face. Furthermore, managing pharmaceutical supply chains is very complex, as inevitable disruptions occur in these supply chains (exogenous factors), which are then followed by decisions members make after such disruptions (internal factors). Disruptions may occur due to increased demand, a product recall, or a manufacturer disruption, among which product recalls—which happens frequently in pharmaceutical supply chains—are least studied. We employ a mathematical simulation model to examine the effects of product recalls considering different disruption profiles, e.g., the propagation in time and space, and the interactions of decision makers on drug shortages to ascertain how these shortages can be mitigated by changing inventory policy decisions. We also measure the effects of different policy approaches on supply chain disruptions, using two performance measures: inventory levels and shortages of products at health care centers. We then analyze the results using an approach similar to data envelopment analysis to characterize the efficient frontier (best inventory policies) for varying cost ratios of the two performance measures as they correspond to the different disruption patterns. This analysis provides insights into the consequences of choosing an inappropriate inventory policy when disruptions take place.

scholarly journals Optimal inventory policies for serial-type and assembly-type supply chains with equal sized batch

2015 ◽  
Vol 11 (3) ◽  
pp. 1021-1040 ◽  
Author(s):  
Jason Chao-Hsien Pan ◽  
◽  
Ku-Kuang Chang ◽  
Yu-Cheng Hsiao ◽  
Keyword(s):  
Supply Chains ◽  
Inventory Policies

An online cost allocation model for horizontal supply chains

2021 ◽  
Vol 122 ◽  
pp. 102888
Author(s):  
Han Zou ◽  
Maged M. Dessouky ◽  
Shichun Hu
Keyword(s):  
Supply Chains ◽  
Cost Allocation ◽  
Allocation Model
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