Vendor managed inventory with consignment stock agreement for a supply chain with defective items
نویسندگان
چکیده
منابع مشابه
Vendor Managed Inventory of a Supply Chain under Stochastic Demands
In this research, an integrated inventory problem is formulated for a single-vendor multiple-retailer supply chain that works according to the vendor managed inventory policy. The model is derived based on the economic order quantity in which shortages with penalty costs at the retailers` level is permitted. As predicting customer demand is the most important problem in inventory systems and th...
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A vendor managed system with the Consignment Stock agreement is a business practice where a buyer's inventory remains the property of the vendor until its withdrawal by the final customer demand. Such an agreement has shown to be a profitable stock management approach, especially when operating in uncertain environments where delivery lead times and/or market demand vary over time. One main iss...
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In this paper, a bi-objective multi-product single-vendor single-buyer supply chain problem is studied under green vendor-managed inventory (VMI) policy based on the economic production quantity (EPQ) model. To bring the model closer to real-world supply chain, four constraints of model including backordering cost, number of orders, production budget and warehouse space are considered stochasti...
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This paper develops an analytical model that explores how important supply chain parameters affect the cost savings to be realized from collaborative initiatives such as vendor-managed inventory (VMI). Results from the model show that benefits, in the form of inventory cost reductions, may be generated from integration depending upon the ratio of the order costs of the supplier to the buyer and...
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ژورنال
عنوان ژورنال: Applied Mathematical Modelling
سال: 2016
ISSN: 0307-904X
DOI: 10.1016/j.apm.2016.02.035