PROMOTING ACCESS TO AFRICAN RESEARCH

Journal of the Nigerian Association of Mathematical Physics

Log in or Register to get access to full text downloads.

Remember me or Register



DOWNLOAD FULL TEXT Open Access  DOWNLOAD FULL TEXT Subscription or Fee Access

On A Two-Stage Supply Chain Model In The Manufacturing Industry

BE Afolabi, OG Iyam, CR Nwozo

Abstract


We model a two-stage supply chain where the upstream stage (stage 2) always meet demand from the downstream stage (stage 1).Demand is stochastic hence shortages will occasionally occur at stage 2. Stage 2 must fill these shortages by expediting using overtime production and/or backordering. We derive optimal inventory control policies under Decentralized, Coordinated and Centralized control. The centralized control model is applied to a manufacturing industry (Associated Match Industry,Ibadan).



AJOL African Journals Online