Matrix-analytic methods in supply chain management: recent developments
Boute, Robert Colen, Pieter Creemers, Stefan Noblesse, Ann Van Houdt, Benny
Boute, Robert
Colen, Pieter
Creemers, Stefan
Noblesse, Ann
Van Houdt, Benny
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Publication Type
Journal article
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Supervisor
Publication Year
2012
Journal
Review of Business and Economic Literature
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Publication Volume
57
Publication Issue
3
Publication Begin page
283
Publication End page
301
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Abstract
Matrix-analytic methods are a popular modeling tool in a great number of fields, most notable in the analysis of telecommunication systems. Because of their ability to construct and analyze a wide class of stochastic mod els, they can also be applied in the analysis of complex supply chain problems where traditional analytical techniques or simulation analysis fall short. In this paper, we demonstrate the power of matrix-analytic methods in the analysis of four different supply chain problems: (1) to determine lead times in produc tion/inventory models characterized by any arbitrary discrete (i.e., non-Poisson) demand distribution; (2) to gain insight in the upstream replenishment orders driven by (s, S) inventory policies; (3) to analyze waiting times and resource uti lization in service systems that are driven by appointments (e.g., health care, legal services, administration); and (4) to determine the optimal maintenance policy/warranty in the aftermarket supply chain.
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Keywords
Operations & Supply Chain Management