Showing 1 - 10 of 198
We analyze a supply chain consisting of one manufacturer and one retailer under consignment sales with a revenue …
Persistent link: https://www.econbiz.de/10010577567
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 …
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
Due to evaporation, obsolescence, spoilage, etc., some products (e.g., fruits, vegetables, pharmaceuticals, volatile liquids, and others) not only deteriorate continuously but also have their expiration dates. To attract new buyers and increase sales, a seller frequently offers its buyers a...
Persistent link: https://www.econbiz.de/10010738158
, cultural and demographic differences and variations in store format. Accounting for these variations appropriately in inventory … store demands leads to a higher expected profit, for a given inventory and total mean demand. If more than one inventory …-optimizing store inventory policies in midseason. In this paper, we formulate a dynamic stochastic optimization model that determines …
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
We consider the inventory control problem of an independent supplier in a continuous review system. The supplier faces … information about the inventory levels at the customer is available, reviews and ordering are usually carried out by the supplier … value of information about the customer’s inventory level. Our numerical study shows that if the supplier were to use the …
Persistent link: https://www.econbiz.de/10011052505
in case the manufacturer’s inventory falls short. We suggest a stochastic calculus framework to study the problem and … reduce the volatility of both inventory and production orders, the ratio between expected direct channel and retail sales …
Persistent link: https://www.econbiz.de/10011052635