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Chinese Journal of Management Science ›› 2004, Vol. ›› Issue (2): 55-59.

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Optimal Production Policy in a Supply Chain under Introduction of New Product

SHEN Tie-song, XIONG Zhong-kai   

  1. The School of Economics and Business Administration, Chongqing University, Chongqing 400044, China
  • Received:2003-03-26 Revised:2003-12-01 Online:2004-04-28 Published:2012-03-07

Abstract: As business competion and technological improvement make the product life cycle shorten,manufacturer needs to put new product into market continually.Marketing of new product is a long adaptive process of learn-by-doing in production and customer demand.This paper sets up a mathematic model to describe the production and inventory system with demand diffusion by Bass model in a supply chain.The optimal production quantities are found through computer simulation in a given example.This research improves the traditional production and inventory planning that is significant to market new product in a market-oriented supply chain.

Key words: learning curve, new product, supply chain,optimal production policy

CLC Number: