El-Houssaine, Aghezzaf and Abdul Rahim, Mohd Kamarul Irwan (2012) Implementing a vendor managed inventory policy in a two-stage supply chain with stochastic demands. In: 14th IFAC Symposium on Information Control Problems in Manufacturing, 23-25 May 2012, Hilton Conference Centre of Bucharest, Romania.

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Abstract

In a two-stage supply chain, implementing Vendor Managed Inventory policies (VMI), the supplier assumes, in addition to his own inbound inventory, the responsibility of maintaining inventory at its retailers and ensuring that they will not run out of stock at any moment.This paper discusses an optimization approach, considering the impact of demand uncertainty on the inbound as well as the outbound inventory, for a two-stage supply chain implementing VMI. In the proposed approach, retailers are first clustered to minimize the within-cluster travel costs and/or distances and are then replenished using an optimal direct shipping strategy satisfying some additional restrictions.

Item Type:	Conference or Workshop Item (Paper)
Additional Information:	ISBN: 978-3-902661-98-2 ISSN: 1474-6670
Uncontrolled Keywords:	Supply Chain Management (SCM); Inventory Control and Dynamic Pricing; Warehouse Management Systems
Subjects:	T Technology > TS Manufactures
Divisions:	College of Arts and Sciences
Depositing User:	Dr. Mohd Kamarul Irwan Abdul Rahim
Date Deposited:	08 Mar 2016 07:45
Last Modified:	08 Mar 2016 07:45
URI:	https://repo.uum.edu.my/id/eprint/17441

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