In this research, an integrated inventory problem is formulated for a single-vendor multiple-retailer supply chain that works according to the vendor managed inventory policy. The model is derived based on the economic order quantity in which shortages with penalty costs at the retailers` level is permitted. As predicting customer demand is the most important problem in inventory systems and th...

This paper studies the economic-order-quantity model (EOQ) for deteriorating items in two cases (with and without shortages) to evaluate how vendor managed inventory (VMI) affects supply chain. We consider two-level supply chain (single supplier and a single retailer) with one instantaneous deteriorating item. A numerical example and sensitivity analysis are provided to illustrate the effect of...

This paper addresses the long-standing stochastic single-vendor, multi-manufacturer inventory control problem, using simulation optimization. It is assumed that Manufacturers producing similar goods experience very high random demand; hence, safety stock of raw materials held in reserve their warehouses. The vendor supplying this material (principal ingredients) as a policy restricts shipments ...

This paper presents the economic production quantity (EPQ) models for the imperfect quality items produced with/without the presence of shortage condition. The models are presented in a two-level supply chain composed of a single manufacturer and a single buyer to investigate the performance of vendormanaged inventory (VMI) policy. The total costs are minimized to obtain the optimal production ...

All players in the healthcare industry face increasing public and political pressure to improve quality of care and control costs. Hospitals, on the frontline of this challenge, face nursing shortages and financial constraints. Survey data indicate that missing medication and supplies interrupt nurses more than twice per shift, increasing costs and putting patients at risk. These challenges per...

This paper analyses different alternatives for solid waste management that can be implemented to enable the targets required by the European Landfill and Packaging and Packaging Waste Directives to be achieved in the Valencian Community, on the east coast of Spain. The methodology applied to evaluate the environmental performance of each alternative is Life Cycle Assessment (LCA). The analysis ...

In this research we concentrate on developing a bifuzzy model for a Single-period inventory problem. The conventional studies have focused on the cases that the demands are probabilistic and follow certain distribution function; or the demands are considered as fuzzy variables; or the demands is expressed by random fuzzy variable. Recently, fuzzy random variables have been applied to some decis...