详细信息
Misplaced Inventory and Lead-Time in the Supply Chain: Analysis of Decision-Making on RFID Investment with Service Level ( SCI-EXPANDED收录)
文献类型:期刊文献
英文题名:Misplaced Inventory and Lead-Time in the Supply Chain: Analysis of Decision-Making on RFID Investment with Service Level
作者:Zhang, Li-Hao[1,2];Fan, Ti-Jun[1];Chiang, Wen-Chyuan[3];Tao, Feng[1]
机构:[1]E China Univ Sci & Technol, Sch Business, Shanghai 200237, Peoples R China;[2]Purdue Univ, Krannert Sch Management, W Lafayette, IN 47907 USA;[3]Univ Tulsa, Coll Business, Tulsa, OK 74104 USA
年份:2014
外文期刊名:JOURNAL OF APPLIED MATHEMATICS
收录:;WOS:【SSCI(收录号:WOS:000343449300001),SCI-EXPANDED(收录号:WOS:000343449300001)】;
基金:For helpful feedback and comments, the authors thank the following for their helpful discussions: Qi (Annabelle) Feng, George J Shanthikumar, Hui-xiao Yang, Yan-yi Xu, and Li Zhou. This work was supported by China Scholarship Council Foundation (201306740017), the National Natural Science Foundation of China (71171082), and the New Century Excellent Talents in University of China (NCET-11-0637). The authors also wish to acknowledge the helpful comments provided by anonymous referees.
语种:英文
摘要:Radio-frequency identification (RFID), as the key technology of Internet of Things (IoT), has been hailed as a major innovation to solve misplaced inventory and reduce lead-time. Many retailers have been pushing their suppliers to invest this technology. However, its associated costs seem to prohibit its widespread application. This paper analyzes the situation of service level in a retail supply chain, which has resulted from misplaced inventory and lead-time. By newsvendor model, we analyze the difference between with-and without-RFID technologies in service level of centralized and decentralized supply chains, respectively. Then with different service levels, we determine the tag cost thresholds at which RFID technology investment becomes profitable in centralized and decentralized supply chains, respectively. Furthermore, we apply a linear transfer payment coefficient strategy to coordinate with the decentralized supply chain. It is found that whether the adoption of RFID technology improves the service level depends on the cost of RFID tag in the centralized system, but it improves the service level in the decentralized system when only the supplier bears the cost of RFID tag. Moreover, the same cost thresholds of RFID tag with different service levels exist in both the centralized and the decentralized cases.
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