Supply chain design in perfect competition

Supply chain design in perfect competition

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Article ID: iaor20097150
Country: United Kingdom
Volume: 3
Issue: 34
Start Page Number: 340
End Page Number: 356
Publication Date: Nov 2008
Journal: International Journal of Services Operations and Informatics
Authors: ,
Abstract:

In this paper, we apply the theory of optimal control and theory of traffic assignment for supply chain design in perfect competition. We model the time staging and generalised routing of input factors needed for production by a firm. The production process will typically involve several stages, and as such is described by paths through a production network whose nodes are the various stages of production. We develop an algorithm and test it for a small numerical example.

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