Trade credit is a crucial source of capital particularly for small businesses with limited financing opportunities. Inventory models considering trade have been widely studied. However, while there extensive research on the single-vendor single-buyer inventory model allowing delays in payments, systems where vendor supplies to more than one buyer received less attention. In this paper, we analy...

The effective management of supply chains depends upon the ability of decision makers to control inventory while maintaining customer service at low cost. This paper examines an analytical model for the two-echelon one warehouse and multiple retailers system using (R, Q) inventory policies. A simulation model was developed to analyze the performance of the analytical model under conditions that...

In this study we use a flexible policy of spare part management in the context of airports corrective maintenance activities and provide a new approach for mathematically evaluate the performances of systems with lateral transshipments in case of one-for-one ordering policies, transfer times and peaked demand. This study deals with the spare optimization of a large logistics company, in charge ...

C often face nonstationary demand due to product life cycles and seasonality, and nonstationary demand complicates supply chain managers’ inventory decisions. This paper proposes a simple heuristic for determining stocking levels in a serial inventory system. Unlike the exact optimization algorithm, the heuristic generates a near-optimal solution by solving a series of independent single-stage ...

The paper analyses non-cooperative behaviour in a two-echelon decentralized supply chain, composed of one supplier and n retailers. For sufficient supply from the supplier, we build the approximate decision model of their base stock level, in which the suppliers reactions are not considered, and its non-cooperative behaviour is obtained. For insufficient supply from the supplier, much more comp...

Joint managed inventory is an advanced supply chain inventory management tool, which will effectively tackle the complicated problem between the inventory cost of supply chain and service level. The research on inventory model and its’ control under JMI environment is a hot issue at present. In this paper, the authors deeply discuss the question of the inventory time costs about the multi-produ...

In this paper, the cost function for a three-echelon inventory system with two warehouses is derived. Transportation times are constant and retailers face independent Poisson demand. Replenishments are one-for-one. The lead time of a retailer is determined not only by the constant transportation time but also by the random delay incurred due to the availability of stock at the warehouses. We co...

We study an infinite-horizon, N -stage, serial production/inventory system with two transportation modes between stages: regular shipping and expedited shipping. The optimal inventory policy for this system is a top–down echelon base-stock policy, which can be computed through minimizing 2N nested convex functions recursively (Lawson and Porteus, Oper Res 48 (2000), 878–893). In this article, w...