Jun Li
Current Organizations / Institutes
The organizations/institutes from the scholar's latest article
Research Subjects
Research Interests
Jun Li has a total of 4 co-authors. Here are the top co-authors by number of shared publications:
- Wenjing Shen
LeBow College of Business, Drexel University, Philadelphia, PA 19104, USA
1 shared publication - Xinxin Hu
Marilyn Davies College of Business, University of Houston Downtown, Houston, TX, USA
1 shared publication - Yi Liao
School of Business Administration, Southwestern University of Finance and Economics, Chengdu, China
1 shared publication - Ying Li
Department of Information and Operations Management, Mays Business School, Texas A&M University, College Station, USA
1 shared publication
Latest Publications
- Open Access
- 22 June 2020
- Published by MDPI AG in Sustainability
- Vol. 12 (12) , 5081
Application of Lateral Transshipment in Cost Reduction of Decentralized Systems
COVID-19 has exposed the global supply chains to great vulnerability. In such extreme circumstances, product availability becomes a primary concern. This paper studies a basic inventory management strategy—lateral transshipment—under decentralized systems, which may play an important role in dealing with stockouts during unexpected crises. Lateral transshipments not only react quickly to stockout, but are also environmentally friendly due to the significant reduction of production and transportation pollution. This paper studies optimal lateral transshipment and replenishment decisions under a decentralized setting. We construct a multi-stage stochastic model that captures demand uncertainty and customer switching behavior. We demonstrate that, similar to the centralized setting, the optimal transshipment decision follows a double-threshold structure. The optimal replenishment quantities are determined under two pricing mechanisms—individual mechanism (IP) and negotiated mechanism (NP). Numerical examples are provided to demonstrate the impact of lateral transshipment on supply chain cost reduction.
- 22 June 2020
- Published by MDPI AG in Sustainability
- Vol. 12 (12) , 5081
Open AccessApplication of Lateral Transshipment in Cost Reduction of Decentralized Systems
COVID-19 has exposed the global supply chains to great vulnerability. In such extreme circumstances, product availability becomes a primary concern. This paper studies a basic inventory management strategy—lateral transshipment—under decentralized systems, which may play an important role in dealing with stockouts during unexpected crises. Lateral transshipments not only react quickly to stockout, but are also environmentally friendly due to the significant reduction of production and transportation pollution. This paper studies optimal lateral transshipment and replenishment decisions under a decentralized setting. We construct a multi-stage stochastic model that captures demand uncertainty and customer switching behavior. We demonstrate that, similar to the centralized setting, the optimal transshipment decision follows a double-threshold structure. The optimal replenishment quantities are determined under two pricing mechanisms—individual mechanism (IP) and negotiated mechanism (NP). Numerical examples are provided to demonstrate the impact of lateral transshipment on supply chain cost reduction.