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Research on Optimization of Production Decision Based on Payment Time and Price Coordination

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  • Yanyang Yan
  • Liang Yuan
  • Yemei Li

Abstract

This paper focuses on the coordination and optimization between a manufacturer and multiple retailers in a supply chain. The manufacturer makes product quotes and delivery deadlines for all retailers, and each retailer selects product offers and delivery deadlines based on their own needs. Manufacturers maximize their own total profits by setting optimal quotes and delivery deadlines. This paper constructs the mathematical model of the optimal quotation and delivery deadline and proposes a scheduling algorithm that is different from the general M/M/1 and then studies the production scheduling problem and explores the effective implementation of quotation policy in management practice.

Suggested Citation

  • Yanyang Yan & Liang Yuan & Yemei Li, 2020. "Research on Optimization of Production Decision Based on Payment Time and Price Coordination," Complexity, Hindawi, vol. 2020, pages 1-9, January.
    • Handle: RePEc:hin:complx:2107582
    DOI: 10.1155/2020/2107582
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