Improving and Evaluating Various Models with Vendor-managed Inventory

被引:0
|
作者
Liu, Jun [1 ]
Lu, Qiang [1 ]
Shi, Kun [1 ]
机构
[1] Harbin Inst Technol, Shenzhen Grad Sch, Dept Econ & Management, Shenzhen, Peoples R China
关键词
Vendor-managed Inventory (VMI); Third Party Logistics (TPL); Supply Chain Management (SCM); Cost Evaluation;
D O I
10.1109/ICMIT.2008.4654575
中图分类号
C93 [管理学];
学科分类号
12 ; 1201 ; 1202 ; 120202 ;
摘要
The practice of vendor-managed inventory (VMI) draws a high attention from both industrial and academic worlds. On the basis of previous studies, we introduce three parameters, namely the fixed and variable transportation cost, and the service cost per unit, to develop models for the following three scenarios by mainly employing the method used in [13]: (1) traditional supply chain without VMI, (2) the VMI mode without a Third Party Logistics (TPL) company, (3) the TPL-VMI mode with TPL participation. By analyzing scenarios I and 2, we obtain conclusions similar to those in [13], though with different conditions. By analyzing scenarios 2 and 3, we find that it is possible to optimize the supply chain performance.
引用
收藏
页码:1395 / 1400
页数:6
相关论文
共 50 条
  • [21] Heuristics for the Vendor-Managed Inventory Problem of Convenience Stores
    Yoon, Sung-Joon
    Park, Yang-Byung
    2014 INTERNATIONAL CONFERENCE ON IT CONVERGENCE AND SECURITY (ICITCS), 2014,
  • [22] Note on supply chain integration in vendor-managed inventory
    Van der Vlist, Piet
    Kuik, Roelof
    Verheijen, Bas
    DECISION SUPPORT SYSTEMS, 2007, 44 (01) : 360 - 365
  • [23] Evaluating vendor-managed inventory (VMI) in non-traditional environments using simulation
    Southard, Peter B.
    Swenseth, Scott R.
    INTERNATIONAL JOURNAL OF PRODUCTION ECONOMICS, 2008, 116 (02) : 275 - 287
  • [24] A Comparison Study of Replenishment Strategies in Vendor-Managed Inventory
    James T. Lin
    Fu-Kwun Wang
    Candice Wu
    Arabian Journal for Science and Engineering, 2014, 39 : 5253 - 5264
  • [25] An Inventory Model for Deteriorating Items Using Vendor-Managed Inventory Policy
    Setak, M.
    Daneshfar, L.
    INTERNATIONAL JOURNAL OF ENGINEERING, 2014, 27 (07): : 1081 - 1090
  • [26] Optimal (z, Z)-type contracts for vendor-managed inventory
    Lee, Jun-Yeon
    Cho, Richard K.
    INTERNATIONAL JOURNAL OF PRODUCTION ECONOMICS, 2018, 202 : 32 - 44
  • [27] The inventory value of information sharing continuous replenishment, and vendor-managed inventory
    Yao, Yuliang
    Dresner, Martin
    TRANSPORTATION RESEARCH PART E-LOGISTICS AND TRANSPORTATION REVIEW, 2008, 44 (03) : 361 - 378
  • [28] A Reinforcement Learning Approach for Inventory Replenishment in Vendor-Managed Inventory Systems With Consignment Inventory
    Sui, Zheng
    Gosavi, Abhijit
    Lin, Li
    ENGINEERING MANAGEMENT JOURNAL, 2010, 22 (04) : 44 - 53
  • [29] Multiple-vendor, multiple-retailer based vendor-managed inventory
    Hong, Xianpei
    Wang Chunyuan
    Xu, Lei
    Diabat, Ali
    ANNALS OF OPERATIONS RESEARCH, 2016, 238 (1-2) : 277 - 297
  • [30] Revisiting the note on supply chain integration in vendor-managed inventory
    Wang, Wan-Tsu
    Wee, Hui-Ming
    Tsao, H. -S. Jacob
    DECISION SUPPORT SYSTEMS, 2010, 48 (02) : 419 - 420