Vendor managed inventory models under contractual agreement

DOI10.1504/IJMOR.2012.046376MaRDI QIDQ1753746zbMATH OpenFDO

Authors M. A. Darwish, O. M. Odah, S. K. Goyal

Publication date 29 May 2018

Published in International Journal of Mathematics in Operational Research (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1504/IJMOR.2012.046376

zbMATH Keywords

contractscontractual agreementsoperational researchtwo-layer supply chainsvendor managed inventory

Mathematics Subject Classification ID

Inventory, storage, reservoirs (90B05)

Review text

Summary: The purpose of this paper is to explicitly include a contract between the vendor and retailer in a two-layer supply chain under VMI initiative. Two models are developed, one for a decentralised supply chain where the vendor and retailer determine their operating policies independently. The other model, however, is for centralised supply chain under VMI contract. The saving realised by implementing VMI initiative is distributed between vendor and retailer according to some weight such that no party incurs more cost than that generated by the decentralised supply chain. Also, solution procedures are devised based on Kuhn-Tucker conditions.

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(12)

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• Managing supply chain backorders under vendor managed inventory: an incentive approach and empirical analysis
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• Optimal operational service levels in vendor managed inventory contracts -- an exact approach
• Vendor managed inventory model for single-vendor multi-retailer supply chains
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• A MODIFIED JOINT INVENTORY POLICY FOR VMI SYSTEMS
• A supply chain model of vendor managed inventory with stochastic demand
• Contracting for vendor‐managed inventory with a time‐dependent stockout penalty
• On contracts for VMI program with continuous review \((r, Q)\) policy

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