A multi-period inventory model with multi-dimensional procurement bidding

作者：Farahvash Pooya^*; Altiok Tayfur

来源：Annals of Operations Research, 2011, 186(1): 101-118.

DOI：10.1007/s10479-011-0893-4

• Multi-period inventory models
• Multi-dimensional biding
• Reverse auctions

We consider a multi-period inventory model with raw material procurements carried out via a reverse auction. Bids are multi-dimensional, and they consist of supplier information of price, shortage quantity and lead time. This work is an extension of our earlier work that has focused on multi-dimensional procurement auctions in single-period inventory models, to multi-period settings. The new model is based on a hybrid approach combining stochastic dynamic programming and simulation.

• 出版日期2011-6
• 单位常州工学院