T is now an extensive theoretical literature investigating optimal inventory policies for retailers. Yet several recent reviews have recognized that these models are rarely applied in practice. One explanation for the paucity of practical applications is the difficulty of measuring how stockouts affect both current and future demand. In this paper, we report the findings of a large-scale field ...

The retail industry is experiencing problems in the supply chain because there is no formal collaboration between the retailer and supplier. Demand uncertainty in the supply chain, known as the "bullwhip effect," results in excess inventory and inefficiencies in the supply chain. Demand forecasts and orders are often distorted unless they are developed jointly by the partners. These factors cre...

Trade credit is provided by suppliers to meet the purchase needs of retailers, playing a more and important role in trade. In this paper, effects preferential on retailers' business decisions are investigated under capital constraints perfectly competitive market. game model, loan competition conditions considered when banks manufacturers offer capital-constrained retailers. proposed different ...

We consider a distribution system consisting of a single warehouse and many geographically dispersed retailers. Each retailer faces demands for a single item which arise at a deterministic, retailer specific rate. The retailers’ stock is replenished by a fleet of vehicles of limited capacity, departing and returning to the warehouse and combining deliveries into efficient routes. The cost of an...

This paper presents a bi-objective vendor managed inventory (BOVMI) model for a supply chain problem with a single vendor and multiple retailers, in which the demand is fuzzy and the vendor manages the retailers’ inventory in a central warehouse. The vendor confronts two constraints: number of orders and available budget. In this model, the fuzzy demand is formulated using trapezoidal fuzzy num...

We use a search procedure called content analysis to determine the benefits of RFID in the retail sector. Content analysis classifies textual material, such as academic articles, and reduces them to manageable data. We find that the key RFID retailer benefits are better management of inventory, improved security, better operational efficiency, and reduced cost. We also find the key RFID busines...

In today's fast marketing over the Internet or online, many retailers want to trade at the same time and change their marketing strategy to attract more customers. Some of the customers may decide to cancel their orders partially with a retailer due to various reasons such as increase in customer's waiting time, loss of customer's goodwill on retailer's business, and attractive promotional sche...

This paper investigates inventory management in a multi channel distribution system consisting of one manufacturer and an arbitrary number of retailers that face stochastic demand. Existence of the pure Nash equilibrium is proved and parameter restriction which implies uniqueness of it is derived. Also the Stackelberg game where the manufacturer plays a roll as a leader is discussed. Under spec...

This paper addresses the integrated production-inventory-distribution decisions in a three-echelon supply chain (SC) network. The studied SC network is composed of a raw material processor that supplies different types of processed raw materials to a set of manufacturing facilities which in turn deliver their end products to a set of retailers facing external demand from end customers. A mixed ...

This paper investigates the integrated optimization of production, distribution and inventory decisions related to supplying multiple retailers from a central production facility. A single-item uncapacitated lot-sizing problem is defined for optimizing production decisions and inventory management. The optimization of daily distribution is modeled as a traveling salesman problem or a vehicle ro...