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Competition under Capacitated Dynamic Lot Sizing with Capacity Acquisition

Research output: Working paper

Published

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Competition under Capacitated Dynamic Lot Sizing with Capacity Acquisition. / Li, H; Meissner, J.

Lancaster University : The Department of Management Science, 2010. (Management Science Working Paper Series).

Research output: Working paper

Harvard

Li, H & Meissner, J 2010 'Competition under Capacitated Dynamic Lot Sizing with Capacity Acquisition' Management Science Working Paper Series, The Department of Management Science, Lancaster University.

APA

Li, H., & Meissner, J. (2010). Competition under Capacitated Dynamic Lot Sizing with Capacity Acquisition. (Management Science Working Paper Series). The Department of Management Science.

Vancouver

Li H, Meissner J. Competition under Capacitated Dynamic Lot Sizing with Capacity Acquisition. Lancaster University: The Department of Management Science. 2010. (Management Science Working Paper Series).

Author

Li, H ; Meissner, J. / Competition under Capacitated Dynamic Lot Sizing with Capacity Acquisition. Lancaster University : The Department of Management Science, 2010. (Management Science Working Paper Series).

Bibtex

@techreport{68cf41cc8a9347388a44e4f5857e2454,
title = "Competition under Capacitated Dynamic Lot Sizing with Capacity Acquisition",
abstract = "Lot-sizing and capacity planning are important supply chain decisions, and competition and cooperation affect the performance of these decisions. In this paper, we look into the dynamic lot sizing and resource competition problem of an industry consisting of multiple firms. A capacity competition model combining the complexity of time-varying demand with cost functions and economies os scale arising from dynamic lot-sizing costs is developed. Each firm can replenish inventory at the beginning of each period in a finite planning horizon. Fixed as well as variable production costs incur for each production setup, along with inventory carrying costs. The individual production lots of each firm are limited by a constant capacity restriction, which is purchased up front for the planning horizon. The capacity can be purchased from a spot market, and the capacity acquisition cost fluctuates with the total capacity demand of all the competing firms. We solve the competition model and establish the existence of a capacity equilibrium over the firms and the associated optimal dynamic lot-sizing plan for each firm under mild conditions.",
keywords = "Game theory, capacity optimization, competition, lot sizing, equilibrium",
author = "H Li and J Meissner",
year = "2010",
language = "English",
series = "Management Science Working Paper Series",
publisher = "The Department of Management Science",
type = "WorkingPaper",
institution = "The Department of Management Science",

}

RIS

TY - UNPB

T1 - Competition under Capacitated Dynamic Lot Sizing with Capacity Acquisition

AU - Li, H

AU - Meissner, J

PY - 2010

Y1 - 2010

N2 - Lot-sizing and capacity planning are important supply chain decisions, and competition and cooperation affect the performance of these decisions. In this paper, we look into the dynamic lot sizing and resource competition problem of an industry consisting of multiple firms. A capacity competition model combining the complexity of time-varying demand with cost functions and economies os scale arising from dynamic lot-sizing costs is developed. Each firm can replenish inventory at the beginning of each period in a finite planning horizon. Fixed as well as variable production costs incur for each production setup, along with inventory carrying costs. The individual production lots of each firm are limited by a constant capacity restriction, which is purchased up front for the planning horizon. The capacity can be purchased from a spot market, and the capacity acquisition cost fluctuates with the total capacity demand of all the competing firms. We solve the competition model and establish the existence of a capacity equilibrium over the firms and the associated optimal dynamic lot-sizing plan for each firm under mild conditions.

AB - Lot-sizing and capacity planning are important supply chain decisions, and competition and cooperation affect the performance of these decisions. In this paper, we look into the dynamic lot sizing and resource competition problem of an industry consisting of multiple firms. A capacity competition model combining the complexity of time-varying demand with cost functions and economies os scale arising from dynamic lot-sizing costs is developed. Each firm can replenish inventory at the beginning of each period in a finite planning horizon. Fixed as well as variable production costs incur for each production setup, along with inventory carrying costs. The individual production lots of each firm are limited by a constant capacity restriction, which is purchased up front for the planning horizon. The capacity can be purchased from a spot market, and the capacity acquisition cost fluctuates with the total capacity demand of all the competing firms. We solve the competition model and establish the existence of a capacity equilibrium over the firms and the associated optimal dynamic lot-sizing plan for each firm under mild conditions.

KW - Game theory

KW - capacity optimization

KW - competition

KW - lot sizing

KW - equilibrium

M3 - Working paper

T3 - Management Science Working Paper Series

BT - Competition under Capacitated Dynamic Lot Sizing with Capacity Acquisition

PB - The Department of Management Science

CY - Lancaster University

ER -