In this paper, we extend the models in the literature [Lee, H.L., So, K.C., Tang, C., 2000. The value of information sharing in a two-level supply chain. Management Science 46 (5), 626–643; Raghunathan, S., Yeh, A.B., 2001. Beyond EDI: impact of continuous replenishment program (CRP) between a manufacturer and its retailers. Information Systems Research 12 (4), 406–419] to analyze the benefits ...

This paper develops a Vendor Managed Inventory (VMI) model for a two-level supply chain comprised of one vendor and several non-competing retailers in which both the raw material and the finished product have different deterioration rates. It is assumed that the market demand for the finished product is deterministic and price sensitive. The proposed inventory model optimizes the retail price, ...

This work is motivated by the need to solve the inventory routing problem when implementing a business practice called vendor managed inventory replenishment (VMI). With VMI, vendors monitor their customers’ inventories, and decide when and how much inventory should be replenished at each customer. The inventory routing problem attempts to coordinate inventory replenishment and transportation i...

A major issue in supply chain inventory management is the coordination of inventory policies adopted by different members in a supply chain including suppliers, manufacturers, distributors, etc. This paper presents a fractal-based approach for inventory management in order to minimize inventory costs and smooth material flows between supply chain members while responsively meeting customer dema...

One of the most common and successful approaches for integrated supply chain management (SCM) is vendor-managed inventory (VMI). In VMI, a vendor takes control decisions retailers. To establish long-run relationship between retailer, it necessary to consider two impactful factors: vendors retailers' reliability, optimal selection For this purpose, redundancy allocation problem (RAP), as an effe...

Background: The classical mathematical formulation of the vendor-managed inventory (VMI) model assumes an infinite planning horizon, and consequently, solution derived ignored impact first cycle. is associated with another implicit assumption that input parameters remain static indefinitely. Methods: This paper develops two models for VMI a joint economic lot-sizing (JELS) policy. Each consider...