A Note on Stock Replenishment and Shipment Scheduling for Vendor-Managed Inventory Systems

Sven Axsäter ()
Additional contact information
Sven Axsäter: Department of Industrial Management and Logistics, Lund University, P.O. Box 118, SE-221 00 Lund, Sweden

Management Science, 2001, vol. 47, issue 9, 1306-1310

Abstract: In a recent paper, Cetinkaya and Lee (2000) model integrated inventory control and shipment scheduling in connection with vendor-managed inventory (VMI). The model is optimized by an approximate technique. This note provides a simple procedure for exact optimization, and illustrates that the errors when using the suggested approximate technique may be very large for certain types of problems. We also suggest a new approximation and an adjustment that can be used to improve both the original and new heuristic.

Keywords: Vendor-Managed Inventory; Stochastic Demand (search for similar items in EconPapers)
Date: 2001
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (4)

Downloads: (external link)
http://dx.doi.org/10.1287/mnsc.47.9.1306.9782 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:inm:ormnsc:v:47:y:2001:i:9:p:1306-1310

Access Statistics for this article

More articles in Management Science from INFORMS Contact information at EDIRC.
Bibliographic data for series maintained by Chris Asher ().