Inventory Optimization Decision in Dual Channel Supply Chain Based On Markov Chain
Fan Dan-dan
Xu Qi
Abstract：With the inventory control risk caused by customer demand instability in the dual channel sup -ply chain considered , based on Markov chain , an inventory optimization model in dual channel supply chain is put forward by using customer demand shift to describe customer demand instability .For dual channel cooperation and non-cooperation cases , Markov theory is used to build a model of steady-state probability of inventory and the inventory cooperation transfer price contract , respectively .Then, through Matbab numerical simulation , the influence of customer shift rate between channels on optimal inventory strategy in a dual channel supply chain is analyzed .It is found that inventory strategy with dual channel supply chain cooperation is better than that without cooperation when there is a customer demand shift in the two channels .
Keywords：dual channelMarkov chaincustomer demand shiftinventory transshipmentoptimal in-ventory
Publication Date：2014-01-01
Online Publishing Date：2025-08-15(First online date of this platform, not the publication date of the document)
Pages：8( 85-91,105 )