Optimal Decision for Fashion Supply Chains with Service Level Constraint and Controllable Lead Time
We study a two-echelon supply chain inventory model with controllable lead time and service level constraint in fashion supply chains, in which we assume that the unit cost of compressing lead time follows exponential distribution. Under these conditions we investigate the optimal ordering quantity...
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Series: | Mathematical Problems in Engineering |
Online Access: | http://dx.doi.org/10.1155/2015/758494 |
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doaj-560fa4ac7cd74a8489e35b64de1bc9bd2020-11-24T22:28:10ZengHindawi LimitedMathematical Problems in Engineering1024-123X1563-51472015-01-01201510.1155/2015/758494758494Optimal Decision for Fashion Supply Chains with Service Level Constraint and Controllable Lead TimeGuo Li0Yu-chen Kang1Guan Xu2School of Management and Economics, Beijing Institute of Technology, Beijing 100081, ChinaSchool of Management and Economics, Beijing Institute of Technology, Beijing 100081, ChinaEconomic and Management School, Wuhan University, Wuhan 410081, ChinaWe study a two-echelon supply chain inventory model with controllable lead time and service level constraint in fashion supply chains, in which we assume that the unit cost of compressing lead time follows exponential distribution. Under these conditions we investigate the optimal ordering quantity and production quantity in the fashion supply chain by minimizing the joint total cost. Simultaneously, we work out the boundaries of ordering quantity and production quantity, which simplify the computation. Furthermore, numerical examples are presented to test the feasibility of the model. The results show that assuming the unit cost of compressing lead time in accordance with exponential distribution is realistic. It also notices that the optimal order and production decision for fashion supply chains are constrained obviously by the service level and safety factors. What is more, the holding cost rate of both the service level and safety factors has a certain influence on it. And by further analyzing on some references in the last part, we have done some extensions and found some interesting results.http://dx.doi.org/10.1155/2015/758494 |
collection |
DOAJ |
language |
English |
format |
Article |
sources |
DOAJ |
author |
Guo Li Yu-chen Kang Guan Xu |
spellingShingle |
Guo Li Yu-chen Kang Guan Xu Optimal Decision for Fashion Supply Chains with Service Level Constraint and Controllable Lead Time Mathematical Problems in Engineering |
author_facet |
Guo Li Yu-chen Kang Guan Xu |
author_sort |
Guo Li |
title |
Optimal Decision for Fashion Supply Chains with Service Level Constraint and Controllable Lead Time |
title_short |
Optimal Decision for Fashion Supply Chains with Service Level Constraint and Controllable Lead Time |
title_full |
Optimal Decision for Fashion Supply Chains with Service Level Constraint and Controllable Lead Time |
title_fullStr |
Optimal Decision for Fashion Supply Chains with Service Level Constraint and Controllable Lead Time |
title_full_unstemmed |
Optimal Decision for Fashion Supply Chains with Service Level Constraint and Controllable Lead Time |
title_sort |
optimal decision for fashion supply chains with service level constraint and controllable lead time |
publisher |
Hindawi Limited |
series |
Mathematical Problems in Engineering |
issn |
1024-123X 1563-5147 |
publishDate |
2015-01-01 |
description |
We study a two-echelon supply chain inventory model with controllable lead time and service level constraint in fashion supply chains, in which we assume that the unit cost of compressing lead time follows exponential distribution. Under these conditions we investigate the optimal ordering quantity and production quantity in the fashion supply chain by minimizing the joint total cost. Simultaneously, we work out the boundaries of ordering quantity and production quantity, which simplify the computation. Furthermore, numerical examples are presented to test the feasibility of the model. The results show that assuming the unit cost of compressing lead time in accordance with exponential distribution is realistic. It also notices that the optimal order and production decision for fashion supply chains are constrained obviously by the service level and safety factors. What is more, the holding cost rate of both the service level and safety factors has a certain influence on it. And by further analyzing on some references in the last part, we have done some extensions and found some interesting results. |
url |
http://dx.doi.org/10.1155/2015/758494 |
work_keys_str_mv |
AT guoli optimaldecisionforfashionsupplychainswithservicelevelconstraintandcontrollableleadtime AT yuchenkang optimaldecisionforfashionsupplychainswithservicelevelconstraintandcontrollableleadtime AT guanxu optimaldecisionforfashionsupplychainswithservicelevelconstraintandcontrollableleadtime |
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