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: i.e., lead time, demand smoothing forecasting factor, and proportional controller of the replenishment rule. The model … main results of the analysis are: (I) SSC responds to violent changes in demand by resolving bullwhip effect and by …
Persistent link: https://www.econbiz.de/10010597625
We analyze a supply chain consisting of one manufacturer and one retailer under consignment sales with a revenue … demand curve is revealed. The retailer deducts a fraction from the selling price for each unit sold and remits the balance to … as postponement. We find that, when market demand admits a multiplicative structure, the revenue share and allocation of …
Persistent link: https://www.econbiz.de/10010577567
The subject of this paper is the problem of finding the optimal replenishment schedule for an inventory, subject to … time-dependent demand and deterioration, within a finite time planning horizon. It is shown that taking inflation into …
Persistent link: https://www.econbiz.de/10010871075
In this paper, we present a simulation optimization algorithm for solving the two-echelon constrained inventory problem …. The goal is to determine the optimal setting of stocking levels to minimize the total inventory investment costs while … optimization algorithms, and can be applied to any multi-item multi-echelon inventory system, where the cost structure and service …
Persistent link: https://www.econbiz.de/10010666130
We propose a new heuristic algorithm to improve the computational efficiency of the general class of Multi-Echelon Technique for Recoverable Item Control (METRIC) problems. The objective of a METRIC-based decision problem is to systematically determine the location and quantity of spares that...
Persistent link: https://www.econbiz.de/10010871190
an inventory-dependent demand. The supplier hopes to incentive the retailer to order more items by offering trade credit …
Persistent link: https://www.econbiz.de/10011052590
Consider the inventory placement problem in an N-stage supply system facing a stochastic demand for a single planning … period. Each stage is a stocking point holding some form of inventory (e.g., raw materials, subassemblies, product returns or … finished products) that after a suitable transformation can satisfy demand. Stocking decisions are made before demand occurs …
Persistent link: https://www.econbiz.de/10011052702
This paper studies the inventory system of a retailer who orders his products from two supply sources, a local one that … global source only partially satisfy the quality requirements. We model this situation with a dual-sourcing inventory model … inventory model with an unreliable supplier by a sequence of dual-sourcing models with reliable suppliers and suitably modified …
Persistent link: https://www.econbiz.de/10011209373
store demands leads to a higher expected profit, for a given inventory and total mean demand. If more than one inventory … distributions of demand across the stores. This leads to novel strategic insights that arise from adopting inventory policies that …, cultural and demographic differences and variations in store format. Accounting for these variations appropriately in inventory …
Persistent link: https://www.econbiz.de/10010871106
This paper proposes an adaptive fuzzy control application to support a vendor managed inventory (VMI). The methodology … management in allocating inventory by coordinating suppliers and buyers to ensure minimum inventory levels across a supply chain …
Persistent link: https://www.econbiz.de/10010871230