Analysis of a Vendor Managed Consignment Inventory System with Kan-ban Withdrawals and Payment Delays
نویسندگان
چکیده
منابع مشابه
A Reinforcement Learning Approach for Inventory Replenishment in Vendor-Managed Inventory Systems With Consignment Inventory
The use of VMI at Wal-Mart on a large scale has attracted a great deal of attention in the industrial world. In a VMI program, the supplier assumes control of the inventory management for one or more retailers (Fry, 2002). The supplier monitors the inventory level at the retailers and makes the decisions related to the quantities of replenishment and the timing of shipments to the retailers. It...
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Vendor managed inventory (VMI) is an integrated approach for buyer–vendor coordination, according to which the vendor (supplier or manufacturer) decides on the appropriate buyer’s (retailer’s) inventory levels. The time value of money has not traditionally been considered in evaluating VMI supply chain’s total inventory cost in any studies up to now. Therefore, in the present study a new model ...
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ژورنال
عنوان ژورنال: Industrial and Systems Engineering Review
سال: 2018
ISSN: 2329-0188
DOI: 10.37266/iser.2018v6i1.pp41-61