As a routine wood source for a pulp mill, recent studies have shown that intensively managed, short-rotation hardwood plantations are not cost effective. The objective of this study was to determine if these plantations may be cost effective as “green” inventory, replacing some portion of high cost remote woodyard inventory. Three southeastern U.S. pulp mills were used as case studies in a net ...

This paper examines “distribution policies” — that is, combined system inventoryreplenishment, vehicle routing and inventory-allocation policies — designed to minimize total expected purchasing and inventory-management (i.e., inventory-holding and backordering) costs/period for a one-warehouse N-retailer “symmetric” distribution system managed under a periodic-review policy. With respect to dyn...

In the modern supplier–customer relationship, Vendor Managed Inventory (VMI) is used to monitor the customer’s inventory replenishment. Despite the large amount of literature on the subject, it is difficult to clearly define VMI and the main associated processes. Beyond the short-term pull system inventory replenishment often studied in academic works, partners have to share their vision of the...

We analyze an infinite horizon, single-product, periodic review model in which pricing and production/inventory decisions are made simultaneously. Demands in different periods are identically distributed random variables that are independent of each other, and their distributions depend on the product price. Pricing and ordering decisions are made at the beginning of each period, and all shorta...

Inventory Management has emerged as one of the important tools to improve operational efficiency over the last 30-40 years across the globe. Japanese companies such as Toyota pioneered lean manufacturing, which emphasizes on the need to maintain low inventory levels across the supply chain through practices like JIT, Kanban and vendor managed inventory etc. Anecdotal evidence suggests that, inv...

We analyze an infinite horizon, single product, periodic review model in which pricing and production/inventory decisions are made simultaneously. Demands in different periods are identically distributed random variables that are independent of each other and their distributions depend on the product price. Pricing and ordering decisions are made at the beginning of each period and all shortage...

This paper recommends a scaling factors fine-tuning fuzzy logic control approach to optimize the dynamic performance of one typical vendor managed inventory supply chain with automatic pipeline, inventory and order based production control system(VMI-APIOBPCS), based on complex fuzzy control theory. The first thing is to embed a dual-input single-output fuzzy logic controller into the system ba...

todays, improving the competitiveness of companies and rapidly responding to diverse customers’ demands requires efficient management of the supply chain. integration is one of the effective indices in a supply chain, and vendor managed inventory (vmi) is one of the innovative approaches in this field. in this paper, an integrated model based on a vmi system for deteriorating and ameliorating i...