Optimal production and inventory rationing policies with selective-information sharing and two demand classes
Optimal production and inventory rationing policies with selective-information sharing and two demand classes
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DOI：
10.1016/j.ejor.2020.05.051
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发表时间：
2021-01
期刊：
影响因子：
--
通讯作者：
Yi Wang;S. Zhang
中科院分区：
文献类型：
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作者：
Yi Wang;S. Zhang
本文研究了一个有能力限制的制造商和两个零售商的分销系统中，合作伙伴选择对信息共享价值的影响。当缺货成本较高的高优先级零售商是唯一合作伙伴时，在低优先级零售商下订单的情况下，制造商根据高优先级零售商的可预测订单更准确地分配库存。当只有低优先级零售商共享信息时，制造商更好地了解来自该零售商的订单，这将触发配给决策。这种有趣的差异，利用信息从两个优先零售商进一步诱导不同的生产和配给政策之间的相互作用，形成两个独特的，但密切相关的选择性信息共享系统。我们的特点是制造商的最优生产和配给政策下，这两个系统。通过数值研究，我们强调了与高优先级零售商合作的有效性。当制造商可以只与一个零售商建立信息共享链接时，这样的选择通常会带来更多的利益，尽管两个零售商的订单大小和/或需求率不同。当一个选择性的信息共享系统是试点运行到充分的信息共享，我们发现，在整个实施过程中的信息的价值往往表现出后动优势，这样的选择也有助于制造商创造一个更平衡的回报模式。最后，我们说明了库存配给的成本效益可以是显着的和最优的配给库存是具有高优先级的零售商的选择性信息共享系统的上级的先决条件。
This paper studies the impact of partner selection on the value of information sharing in a distribution system with one capacitated make-to-stock manufacturer and two retailers. When the high priority retailer with a higher shortfall cost is the sole partner, in the case that the low priority one places an order, the manufacturer allocates inventory more accurately according to more predictable orders from the high priority retailer. When only the low priority retailer shares information, the manufacturer is better informed about orders from this retailer, which shall trigger rationing decisions. Such intriguing differences in utilizing information from two prioritized retailers further induce different interactions between production and rationing policies and form two distinctive but closely related selective-information sharing systems. We characterize the manufacturer’s optimal production and rationing policies under both systems. Through a numerical study, we emphasize the effectiveness of partnering with the high priority retailer. When the manufacturer can establish information sharing links with only one retailer, such a choice usually brings more benefits despite differences in order sizes and/or demand rates of the two retailers. When a selective-information sharing system is the pilot run to full-information sharing, we find that the value of information throughout the implementation process often exhibits second-mover advantage and such a choice also helps the manufacturer create a more balanced return pattern. Finally, we illustrate that the cost-effectiveness of inventory rationing can be significant and optimally rationing inventory is the prerequisite for the superior of the selective-information sharing system with the high priority retailer.