Vendor managed inventory control system for deteriorating items using metaheuristic algorithms
نویسندگان
چکیده
منابع مشابه
An Inventory Model for Deteriorating Items Using Vendor-Managed Inventory Policy
In recent researches, vendor managed inventory (VMI) policy is rarely considered for deteriorating items. This study considered the supply chain partner’s collaboration via a VMI system and provided an EOQ model for a two-level supply chain (single supplier - single retailer) to examine the inventory management proceedings for VMI and non-VMI supply chains. By a new approach in modeling, the ...
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This paper studies the economic-order-quantity model (EOQ) for deteriorating items in two cases (with and without shortages) to evaluate how vendor managed inventory (VMI) affects supply chain. We consider two-level supply chain (single supplier and a single retailer) with one instantaneous deteriorating item. A numerical example and sensitivity analysis are provided to illustrate the effect of...
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This paper develops a Vendor Managed Inventory (VMI) model for a two-level supply chain comprised of one vendor and several non-competing retailers in which both the raw material and the finished product have different deterioration rates. It is assumed that the market demand for the finished product is deterministic and price sensitive. The proposed inventory model optimizes the retail price, ...
متن کاملA Bi-objective Optimization for Vendor Managed Inventory Model
Vendor managed inventory is a continuous replenishment program that is designed to provide major cost saving benefits for both vendors and retailers. Previous research on this area mainly included single objective optimization models where the objective is to minimize the total supply chain costs or to maximize the total supply chain benefits. This paper presents a bi-objective mathematical mod...
متن کاملOptimal Joint Vendor-Buyer Inventory Strategy for Deteriorating Items with Salvage Value
This study develops a joint optimal inventory strategy for both the buyer and the vendor when the expired stocks have salvage value, and are subject to constant rate of deterioration. It is shown numerically that the joint approach results in a significant cost reduction when compared with an individual decision by the buyer. We also observed that although the joint total cost decreases, the bu...
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ژورنال
عنوان ژورنال: Decision Science Letters
سال: 2018
ISSN: 1929-5804,1929-5812
DOI: 10.5267/j.dsl.2017.4.006