作者
Faranak Emtehani, Nasim Nahavandi, Farimah Mokhatab Rafiei
发表日期
2021/3/1
期刊
Computers & Industrial Engineering
卷号
153
页码范围
107102
出版商
Pergamon
简介
The goal of this paper is to propose an efficient operations-finance integrated decision framework for the manufacturers who face some financial challenges such as capital shortage, high cost of debt, and limited financing capacity. We developed a mixed-integer nonlinear model by extending the multi-product newsvendor problem to establish such a decision framework. To solve the proposed model, a three-phase approach is established based on the analytical analysis of the model features. In the first phase, an exact algorithm is proposed, which leads to a significant reduction in problem complexity. In the second phase, the financing capacity constraint is released and the rest of the problem is solved through KKT conditions. To handle the financing capacity constraint, two heuristics are proposed in the last phase which are efficient and easy to implement by practitioners. The results of the numerical analysis …
引用总数
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