Analysis of third-party warehousing contracts with commitments
This paper considers multi-period warehousing contracts under random space demand. A typical contract is specified by a starting space commitment plus a certain number of times at which the commitment can be further modified. Three forms of contracts are analysed: (1) there is a restriction on the r...
| Main Authors: | , , |
|---|---|
| Format: | Journal Article |
| Language: | English |
| Published: |
Elsevier BV * North-Holland
2001
|
| Subjects: | |
| Online Access: | http://hdl.handle.net/20.500.11937/91451 |
| _version_ | 1848765524205371392 |
|---|---|
| author | Chen, F.Y. Hum, S.H. Sun, Jie |
| author_facet | Chen, F.Y. Hum, S.H. Sun, Jie |
| author_sort | Chen, F.Y. |
| building | Curtin Institutional Repository |
| collection | Online Access |
| description | This paper considers multi-period warehousing contracts under random space demand. A typical contract is specified by a starting space commitment plus a certain number of times at which the commitment can be further modified. Three forms of contracts are analysed: (1) there is a restriction on the range of commitment changes and the schedule for the changes is preset by the warehouser; (2) the same as form (1) but there is no restriction on the range; (3) the same as form (2) but the schedule for the changes is chosen by the user. We explore properties and algorithms for the three problems from the user's perspective. Solutions of simple form are obtained for the first two models and an efficient dynamic programming (DP) procedure is proposed for the last. A numerical comparison of the total expected leasing costs suggests that under certain demand patterns, contract forms (2) and (3) could be cost effective. © 2001 Elsevier Science B.V. |
| first_indexed | 2025-11-14T11:36:37Z |
| format | Journal Article |
| id | curtin-20.500.11937-91451 |
| institution | Curtin University Malaysia |
| institution_category | Local University |
| language | English |
| last_indexed | 2025-11-14T11:36:37Z |
| publishDate | 2001 |
| publisher | Elsevier BV * North-Holland |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | curtin-20.500.11937-914512023-04-20T05:38:10Z Analysis of third-party warehousing contracts with commitments Chen, F.Y. Hum, S.H. Sun, Jie Social Sciences Science & Technology Technology Management Operations Research & Management Science Business & Economics stochastic processes dynamic programming warehousing contracts third-party logistics This paper considers multi-period warehousing contracts under random space demand. A typical contract is specified by a starting space commitment plus a certain number of times at which the commitment can be further modified. Three forms of contracts are analysed: (1) there is a restriction on the range of commitment changes and the schedule for the changes is preset by the warehouser; (2) the same as form (1) but there is no restriction on the range; (3) the same as form (2) but the schedule for the changes is chosen by the user. We explore properties and algorithms for the three problems from the user's perspective. Solutions of simple form are obtained for the first two models and an efficient dynamic programming (DP) procedure is proposed for the last. A numerical comparison of the total expected leasing costs suggests that under certain demand patterns, contract forms (2) and (3) could be cost effective. © 2001 Elsevier Science B.V. 2001 Journal Article http://hdl.handle.net/20.500.11937/91451 10.1016/S0377-2217(00)00102-8 English Elsevier BV * North-Holland fulltext |
| spellingShingle | Social Sciences Science & Technology Technology Management Operations Research & Management Science Business & Economics stochastic processes dynamic programming warehousing contracts third-party logistics Chen, F.Y. Hum, S.H. Sun, Jie Analysis of third-party warehousing contracts with commitments |
| title | Analysis of third-party warehousing contracts with commitments |
| title_full | Analysis of third-party warehousing contracts with commitments |
| title_fullStr | Analysis of third-party warehousing contracts with commitments |
| title_full_unstemmed | Analysis of third-party warehousing contracts with commitments |
| title_short | Analysis of third-party warehousing contracts with commitments |
| title_sort | analysis of third-party warehousing contracts with commitments |
| topic | Social Sciences Science & Technology Technology Management Operations Research & Management Science Business & Economics stochastic processes dynamic programming warehousing contracts third-party logistics |
| url | http://hdl.handle.net/20.500.11937/91451 |