Vendor managed inventory replenishment is a business practice in which vendors monitor their customers’ inventories, and decide when and how much inventory should be replenished. The inventory routing problem addresses the coordination of inventory management and transportation. It needs to be solved to design a strategy that realizes the potential savings in inventory and transportation costs ...

In this paper, it was an attempt to be present a practical perishability inventory model. The proposed model adds using spoilage of products and variable prices within a time period to a recently published location-inventory-routing model in order to make it more realistic. Aforementioned model by integration of strategic, tactical and operational level decisions produces better results for sup...

We consider a single-period inventory model where there are risks associated with the uncertainty in demand as well as supply. Furthermore, the randomness in demand and supply is correlated with the …nancial markets. Recent literature provides ample evidence on this issue. The inventory manager may then exploit this correlation and manage his risks by investing in a portfolio of …nancial instru...

Sustainability has become a major issue in most economies, causing many leading companies to focus on product recovery and reverse logistics. This research is focused on product recovery, and in particular on production control and inventory management in the remanufacturing context. We study a remanufacturing facility that receives a stream of returned products according to a Poisson process. ...

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...

in this paper, for the first time, blood inventory-routing problem (irp) is defined and a mixed integer linear programming formulation is presented. to do so, the concepts of assigned inventory, transfusion to crossmatch ratio, crossmatch release period, older-first policy and order-up-to level inventory policy along with perishability considerations are incorporated into the latest inventory-r...