Discuss on the Stock Replenishment of VMI With One Supplier and Two-Distributors

Chunguang Quan (), Anquan Zou (), Enyong Dai () and Xiaojuan Cheng ()
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Chunguang Quan: Changsha University
Anquan Zou: Changsha University
Enyong Dai: Changsha University
Xiaojuan Cheng: Central South University

A chapter in LISS 2014, 2015, pp 133-140 from Springer

Abstract: Abstract In a vendor-managed inventory (VMI) system consisting of one supplier two-distributors with different determined demand, two replenishment policies are discussed. In the first replenishment policy, the replenishment time and number of two-distributors are not coordinated, while in the second one, the method of integer-ratio time coordinatio that the replenishment interval for the supplier is an integer multiple of that for the distributors is applied. Finally, a numerical example is presented to verify the effect of the two replenishment policies. Results show that the method of integer-ratio time coordination is prior to uncoordinated policy.

Keywords: Vendor-managed inventory; Replenishment; Integer-ratio; Coordination (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-662-43871-8_21

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DOI: 10.1007/978-3-662-43871-8_21

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