An available-to-promise stochastic model for order promising based on dynamic resource reservation policy

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dc.contributor.authorQin, Wei
dc.contributor.authorZhuang, Zilong
dc.contributor.authorSun, Yanning
dc.contributor.authorLiu, Yang
dc.contributor.authorYang, Miying
dc.date.accessioned2022-08-11T11:24:06Z
dc.date.available2022-08-11T11:24:06Z
dc.date.issued2022-07-29
dc.description.abstractFacing uncertain future customer orders, a pull-based available-to-promise (ATP) mechanism will deteriorate the overall profit since it allocates critical resources only to current customer orders. To prevent current less-profitable customer orders from over-consuming critical resources, this study investigates a push–pull based ATP problem with two time stages and three profit margin levels, and develops a dynamic resource reservation policy to maximise the expected total profit. Then, a corresponding push–pull based stochastic ATP model is established with known independent demand distributions, and the optimal reservation level is derived by the genetic algorithm to maximise the expected total profit. Finally, a series of simulation experiments are conducted to reveal the impact of some key factors, and the experiment results provide theoretical guidance and implementation methods for companies to maximise overall profits.en_UK
dc.identifier.citationQin W, Zhuang Z, Sun Y, et al., (2023) An available-to-promise stochastic model for order promising based on dynamic resource reservation policy, International Journal of Production Research, Volume 61, Issue 16, April 2023, pp. 5525-5542en_UK
dc.identifier.eissn1366-588X
dc.identifier.issn0020-7543
dc.identifier.urihttps://doi.org/10.1080/00207543.2022.2103472
dc.identifier.urihttps://dspace.lib.cranfield.ac.uk/handle/1826/18312
dc.language.isoenen_UK
dc.publisherTaylor & Francisen_UK
dc.rightsAttribution-NonCommercial-NoDerivatives 4.0 International*
dc.rights.urihttp://creativecommons.org/licenses/by-nc-nd/4.0/*
dc.subjectAvailable-to-promise (ATP)en_UK
dc.subjectreservation policyen_UK
dc.subjectresource allocationen_UK
dc.subjectorder promisingen_UK
dc.subjectmaximise expected total profiten_UK
dc.titleAn available-to-promise stochastic model for order promising based on dynamic resource reservation policyen_UK
dc.typeArticleen_UK

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