Research on Optimization of Production Decision Based on Payment Time and Price Coordination
This paper focuses on the coordination and optimization between a manufacturer and multiple retailers in a supply chain. The manufacturer makes product quotes and delivery deadlines for all retailers, and each retailer selects product offers and delivery deadlines based on their own needs. Manufactu...
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| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
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Wiley
2020-01-01
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| Series: | Complexity |
| Online Access: | http://dx.doi.org/10.1155/2020/2107582 |
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| _version_ | 1832563231080579072 |
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| author | Yanyang Yan Liang Yuan Yemei Li |
| author_facet | Yanyang Yan Liang Yuan Yemei Li |
| author_sort | Yanyang Yan |
| collection | DOAJ |
| description | This paper focuses on the coordination and optimization between a manufacturer and multiple retailers in a supply chain. The manufacturer makes product quotes and delivery deadlines for all retailers, and each retailer selects product offers and delivery deadlines based on their own needs. Manufacturers maximize their own total profits by setting optimal quotes and delivery deadlines. This paper constructs the mathematical model of the optimal quotation and delivery deadline and proposes a scheduling algorithm that is different from the general M/M/1 and then studies the production scheduling problem and explores the effective implementation of quotation policy in management practice. |
| format | Article |
| id | doaj-art-943bdaac45724d349b6397ca4ae9f596 |
| institution | Kabale University |
| issn | 1076-2787 1099-0526 |
| language | English |
| publishDate | 2020-01-01 |
| publisher | Wiley |
| record_format | Article |
| series | Complexity |
| spelling | doaj-art-943bdaac45724d349b6397ca4ae9f5962025-02-03T01:20:46ZengWileyComplexity1076-27871099-05262020-01-01202010.1155/2020/21075822107582Research on Optimization of Production Decision Based on Payment Time and Price CoordinationYanyang Yan0Liang Yuan1Yemei Li2College of Finance and Statistics, Hunan University, Changsha 410006, ChinaCollege of Finance and Statistics, Hunan University, Changsha 410006, ChinaThe Center for Economic Research, Shandong University, Jinan 250199, ChinaThis paper focuses on the coordination and optimization between a manufacturer and multiple retailers in a supply chain. The manufacturer makes product quotes and delivery deadlines for all retailers, and each retailer selects product offers and delivery deadlines based on their own needs. Manufacturers maximize their own total profits by setting optimal quotes and delivery deadlines. This paper constructs the mathematical model of the optimal quotation and delivery deadline and proposes a scheduling algorithm that is different from the general M/M/1 and then studies the production scheduling problem and explores the effective implementation of quotation policy in management practice.http://dx.doi.org/10.1155/2020/2107582 |
| spellingShingle | Yanyang Yan Liang Yuan Yemei Li Research on Optimization of Production Decision Based on Payment Time and Price Coordination Complexity |
| title | Research on Optimization of Production Decision Based on Payment Time and Price Coordination |
| title_full | Research on Optimization of Production Decision Based on Payment Time and Price Coordination |
| title_fullStr | Research on Optimization of Production Decision Based on Payment Time and Price Coordination |
| title_full_unstemmed | Research on Optimization of Production Decision Based on Payment Time and Price Coordination |
| title_short | Research on Optimization of Production Decision Based on Payment Time and Price Coordination |
| title_sort | research on optimization of production decision based on payment time and price coordination |
| url | http://dx.doi.org/10.1155/2020/2107582 |
| work_keys_str_mv | AT yanyangyan researchonoptimizationofproductiondecisionbasedonpaymenttimeandpricecoordination AT liangyuan researchonoptimizationofproductiondecisionbasedonpaymenttimeandpricecoordination AT yemeili researchonoptimizationofproductiondecisionbasedonpaymenttimeandpricecoordination |