Dual-Sourcing via Dynamic Programming with Monte Carlo Value Approximation

In large scale global supply chains, the inventory cost sensitivity due to supplier disruption can be high. Dual-sourcing, a inventory policy which leverages two suppliers to minimize the cost of supplier disruption, is often applied to minimize the inventory cost in the face of uncertain lead times...

Full description

Bibliographic Details

Published in:	International Conference on System Theory, Control and Computing pp. 315 - 322
Main Author:	Liu, Larkin
Format:	Conference Proceeding
Language:	English
Published:	IEEE 10.10.2024
Subjects:	Approximation algorithms Costs Dynamic programming Faces Heuristic algorithms Monte Carlo methods Monte Carlo Simulation Polynomials Production Science Sensitivity Supply chains Time complexity
ISSN:	2473-5698
Online Access:	Get full text
Tags:	Add Tag No Tags, Be the first to tag this record!