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...

Based on a Petri-net based simulation model, we investigate the effect of different customer response to stock-out on both the stock-out supply chain and the competing supply chain. Five types of customer stock-out responses are incorporated in the model to quantitatively assess the correlation between customer response and supply chain performance including bullwhip effect (BWE), on-hand inven...

The development of small developing states has long been influenced by foreign aid. Apart from the macro benefits of bridging the savings and investment gap and building the foreign exchange gap, it is also said to stabilise output price, provide price certainty and affect output price positively. In this paper I examine these three aspects in detail with respect to the price subsidy that Fiji’...

This chapter discusses several innovations in information and communication technology and develops their potential to radically alter our view of the supply chain in quick response applications. Using the packet-switching framework as an analogy, it explores the way in which intelligent products may operate to dynamically adjust to market volatility. The changes will require new thinking in ar...

The present study was carried out in Rajasthan state as a whole aiming to acreage response analysis. Nerlovian function employed the time series data of major food grain crops from 1997-98 2020-21. It is concluded that wheat, paddy, bajra, and gram were mainly controlled by gross cropped area current year (t), while price last (t-1) also appeared be key determination allocation In case if irrig...

The prevalent competitive business environment has forced companies to devise strategies to survive. Strategic agility is one such business imperative companies require in the dynamic environment. Strategic agility is comprised of strategic sensitivity, strategic response and collective capabilities. Moreover, companies are collaborating in order to gain competitive advantage. This led to forma...