Outsourcing decision and order policy with forecast updating under capacity reservation contract

Journal of Systems Science and Systems Engineering

Volumn 23, Issue 1, 2014, Pages 39-79

  Li, Jianbin ^a   Wang, Mingzheng ^b   Zhou, Wei ^a   Zhou, Weihua ^c  

^a HUAZHONG UNIVERSITY OF SCIENCE AND TECHNOLOGY   (China)

^b DALIAN UNIVERSITY OF TECHNOLOGY   (China)

^c ZHEJIANG UNIVERSITY   (China)

Author keywords

coordination; forecast updating; outsourcing; reserving contract; Supply chain

Indexed keywords

FORECASTING; OUTSOURCING; SALES; SUPPLY CHAINS;

CAPACITY RESERVATION; CENTRALIZED AND DECENTRALIZED SYSTEMS; CENTRALIZED SYSTEMS; COORDINATION; DECENTRALIZED SYSTEM; OUTSOURCING DECISIONS; TWO-STAGE SUPPLY CHAINS; UNIFORM DISTRIBUTION;

OPTIMIZATION;

EID: 84897082032     PISSN: 10043756     EISSN: None     Source Type: Journal    
DOI: 10.1007/s11518-014-5231-3     Document Type: Article

References (16)

1. Cachon, G. P. & Lariviere, M. A. (2001). Contracting to assure supply: how to share demand forecasts in a supply chain. Management Science, 47: 629-646.
2. Donohue, K. L. (2000). Efficient supply contracts for fashion goods with forecast updating and two production modes. Management Science, 46: 1397-1411.
3. Fisher, M., Hammond, J., Obermeyer, W. & Raman, A. (1994). Making supply meet demand in an uncertain world. Harvard Business Review, 72: 83-93.
4. Gurnani, H. & Tang, C. (1999). Optimal ordering decisions with uncertain cost and demand forecast updating. Management Science, 45: 1456-1462.
5. Huang, H., Sethi, S. P. & Yan, H. (2003). Purchase contract management with demand forecast updated. Working paper, University of Texas at Dallas, TX.
6. Hunter, N., King, R. E. & Nuttle, H. L. W. (1996). Evaluation of traditional and quick response retailing procedures using stochastic simulation model. Journal of the Textile Institute, 87: 42-55.
7. Jin, M. & Wu, S. D. (2007). Capacity reservation contracts for high-tech industry. European Journal of Operational Research, 176: 1659-1677.
8. Jishnu, H. & Mahadevan, B. (2009). A procurement model using capacity reservation. European Journal of Operational Research, 193: 303-316.
9. Li, H., Ritchken, P. & Wang, Y. (2009). Option and forward contractingwith asymmetric information: valuation issues in supply chains. European Journal of Operational Research, 197: 134-148.
10. Murat, E. & Wu, S. D. (2005). Managing high-tech capacity expansion via reservation contracts. Production and Operations Management, 14: 232-251.
11. Ozer, O. & Wei, W. (2006). Strategic commitment for optimal capacity decision under asymmetric forecast information. Management Science, 52: 1238-1257.
12. Porteus, E. L. (2002). Foundations of Stochastic Inventory Theory. Stanford University Press, Stanford, Califoria.
13. Serel, D. A., Dada, M. & Moskowitz, H. (2001). Sourcing decisions with capacity reservation contracts. European Journal of Operational Research, 131: 635-648.
14. Serel, D. A. (2007). Capacity reservation under supply uncertainty. Computers and Operations Research, 34: 1192-1220.
15. Tan, B. (2002). Managing manufacturing risks by using capacity. Journal of the Operational Research Society, 53: 232-242.
16. Wang, Q. Z. & Tsao, D. B. (2006). Supply contract with bidirectional options: the buyer's perspective. International Journal of Production Economics, 101: 30-52.