Near-Optimal Dynamic Lead-Time Quotation and Scheduling Under Convex-Concave Customer Delay Costs

成果类型:
Article
署名作者:
Ata, Baris; Olsen, Tava Lennon
署名单位:
Northwestern University; Washington University (WUSTL)
刊物名称:
OPERATIONS RESEARCH
ISSN/ISSBN:
0030-364X
DOI:
10.1287/opre.1080.0608
发表日期:
2009
页码:
753-768
关键词:
摘要:
We consider a make-to-order system where customers are dynamically quoted lead times (and prices). Customers are homogenous but have general (nonlinear) disutility for delay. Because the firm is a monopolist, the pricing problem is trivial and the dynamic problem reduces to one of lead-time quotation and order sequencing. We also consider the (static) problem of up-front capacity installation. We use a large-capacity asymptotic regime to make the problem tractable. We provide recommended policies for convex, concave, and convex-concave lead-time cost functions and prove that these policies are asymptotically optimal. The policies are both highly intuitive and readily implementable. Moreover, they provide delay guarantees for all served customers. They are tested numerically; we find that significant benefits can accrue by using the prescribed dynamic policies instead of first-come-first-served type policies.