The benefit of VMI strategies in a stochastic multi-product serial two echelon system

Computers and Operations Research

Volumn 37, Issue 2, 2010, Pages 406-416

  Kiesmuller G P ^a   Broekmeulen, R A C M ^a  

^a EINDHOVEN UNIVERSITY OF TECHNOLOGY   (Netherlands)

Author keywords

Coordinated replenishment; Order picking; Vendor managed inventory

Indexed keywords

COORDINATED REPLENISHMENT; DEMAND MODELS; ECONOMIES OF SCALE; INVENTORY HOLDING; INVENTORY STRATEGIES; MOVING PRODUCT; MULTI-PRODUCTS; NUMERICAL STUDIES; ORDER PICKING; ORDERING SYSTEM; STOCHASTIC DEMAND; SUPPLY CHAIN COSTS; TRANSPORTATION COST; TWO-ECHELON INVENTORY; VENDOR MANAGED INVENTORY;

ECONOMICS; SUPPLY CHAIN MANAGEMENT; SUPPLY CHAINS; TRANSPORTATION;

COSTS;

EID: 69549091695     PISSN: 03050548     EISSN: None     Source Type: Journal    
DOI: 10.1016/j.cor.2009.06.013     Document Type: Article

References (36)

1. Dong Y., Xu K., and Dresner M. Environmental determinants of VMI adoption: an explorative analysis. Transportation Research Part E 43 (2007) 355-369
2. Kuk G. Effectiveness of vendor-managed inventory in the electronics industry: determinants and outcomes. Information and Management 41 (2004) 645-654
3. Waller M., Johnson ME., and Davis T. Vendor managed inventory in the retail supply chain. Journal of Business Logistics 20 1 (1999) 183-203
4. Dong Y., and Xu K. A supply chain model of vendor managed inventory. Transportation Research Part E 38 (2002) 75-95
5. Braglia M., and Zavanella L. Modelling an industrial strategy for inventory management in supply chains: the 'consignment stock' case. International Journal of Production Research 41 (2003) 3793-3808
6. Valentini G., and Zavanella L. The consignment stock of inventories: industrial case and performance analysis. International Journal of Production Economics 81-82 (2003) 215-224
7. Bertazzi L., Paletta G., and Speranza MG. Minimizing the total cost in an integrated vendor-managed inventory system. Journal of Heuristics 11 (2005) 393-419
8. Broekmeulen RACM, van Donselaar KH, Fransoo JC, van Woensel T. Excess shelf space in retail stores: an analytical model and empirical assessment. BETA Working paper; 2004 p. 109.
9. Hassini E. Storage space allocation to maximize inter-replenishment times. Computers and Operations Research 32 (2005) 3191-3207
10. Petersen II C.G. The impact of routing and storage policies on warehouse efficiency. International Journal of Operations and Production Management 19 10 (1999) 1053-1064
11. de Koster R., Le-Duc T., and Roodbergen HJ. Design and control of warehouse order picking. European Journal of Operational Research 182 (2007) 481-501
12. Aksoy Y., and Erenguc S.S. Multi-item inventory models with coordinated replenishments: a survey. International Journal of Operations and Productions Management 8 (1988) 63-73
13. Khouja M., and Goyal S. A review of the joint replenishment problem literature: 1989-2005. European Journal of Operational Research 186 (2008) 1-16
14. Chen J., and Chen T. The multi-item replenishment problem in a two-echelon supply chain: the effect of centralization versus decentralization. Computers and Operations Research 32 (2005) 3191-3207
15. Ben-Daya M., Darwish M., and Ertogal K. The joint economic lotsizing problem: review and extensions. European Journal of Operational Research 185 (2008) 726-742
16. Clark A.J., and Scarf H. Optimal policies for a multi-echelon inventory problem. Management Science 6 (1960) 457-490
17. van Houtum G.J., Scheller-Wolf A., and Jinxin Y. Optimal control of serial inventory systems with fixed replenishment intervals. Operations Research 55 (2007) 674-687
18. Chen F., and Zheng Y.S. Lower bounds for multi-echelon stochastic inventory systems. Management Science 40 (1994) 1426-1443
19. Shang K.H., and Song J.S. Serial supply chains with economies of scale: bounds and approximations. Operations Research 55 (2007) 843-853
20. Chen F., and Zheng YS. Evaluating Echelon stock (R, nQ) policies in serial production/inventory systems with stochastic demand. Management Science 40 (1994) 1262-1275
21. Shang KH. Note: a simple Heuristic for serial inventory systems with fixed order costs. Operations Research 56 (2008) 1039-1043
22. Parker R.P., and Kapuscinski R. Optimal policies for a capacitated two-echelon inventory system. Operations research 52 (2004) 739-755
23. Chen F. 94% effective policies for a two-stage serial inventory system with stochastic demand. Management Science 45 (1999) 1679-1696
24. Feng K., and Rao US. Echelon-stock (R, nT) control in two-stage serial stochastic inventory systems. Operations research Letters 35 (2007) 95-104
25. Hsiao Y. Integrated logistic and inventory model for two-stage supply chain controlled by the reorder and shipping points with sharing information. International Journal of Production Economics 115 (2008) 229-235
26. Ben-Daya M., and Hariga M. Integrated single vendor single buyer model with stochastic demand and variable lead time. International Journal of Production Economics 92 (2004) 75-80
27. Hsiao Y. A note on integrated single vendor single buyer model with stochastic demand and variable leadtime. International Journal of Production Economics 114 (2008) 294-297
28. Pan J.C., and Yang J. A study of an integrated inventory with controllable lead time. International Journal of Production Research 40 (2002) 1263-1273
29. Ouyang L., Wu K., and Ho C. Integrated vendor-buyer cooperative models with stochastic demand in controllable leadtime. International Journal of Production Economics 92 (2004) 255-266
30. Hoque MA. An alternative model for integrated vendor-buyer inventory under controllable lead time and its heuristic solution. International Journal of System Science 38 (2007) 501-509
31. Ouyang L., Wu K., and Ho C. The single-vendor single-buyer integrated inventory problem with quality improvement and lead time reduction-minimax distribution-free approach. International Journal of Production Economics 92 (2004) 255-266
32. Daganzo CF. Logistics systems analysis. 3rd ed. (1999), Springer, Berlin, Heidelberg, New York
33. Angerer A. The impact of automatic store replenishment systems on retail. Dissertation, University of St. Gallen, Graduate School of Business Administration, Economics, Law and Social Sciences (HSG); 2005.
34. Cachon G. Managing a retailer's shelf space, inventory, and transportation. Manufacturing and Service Operations 3 3 (2001) 211-229
35. Huntjens RMG, Tandpasta bij shampoo ... of toch maar apart (in Dutch). MSC thesis, Technische Universiteit Eindhoven, Eindhoven; 2008.
36. Law AM., and Kelton WD. Simulation modeling and analysis. 3rd ed. (2000), McGraw-Hill, Boston