Paper Info
Title
Optimal vendor-managed inventory policies in distribution systems with discrete-event processes.
Abstract
The present work deals with distribution systems characterized by discrete-event processes and in which a Vendor-Managed Inventory (VMI) policy is applied. VMI is a supply chain strategy in which the vendor or supplier has the responsibility of managing the customers’ inventory and, therefore, the supplier has to plan the replenishment policy taking into account his transportation costs and the customers’ inventory costs. In this context, the present work refers to a distribution chain in which the system dynamics is event-driven since the demand and the deliveries are modelled as discrete-event processes. In particular, the focus of this work is on a simple network composed of one supplier and one customer. The main objective is to state an optimization problem in which, once the asynchronous requests of the customer are known, the optimal deliveries are determined. Then, an optimal solution procedure is defined and explained by a numerical example.
Year
DOI
Venue
2010
10.3182/20100830-3-DE-4013.00073
IFAC Proceedings Volumes
Keywords
DocType
Volume
Inventory control,transportation,discrete-event processes,optimization
Conference
43
Issue
ISSN
Citations 
12
1474-6670
0
PageRank 
References 
Authors
0.34
5
2
Name
Order
Citations
PageRank
Simona Sacone112932.17
Silvia Siri28821.27