Vendor Managed Inventory (VMI) with Consignment Stock (CS) agreement for a two-level supply chain with an imperfect production process with/without restoration interruptions

A vendor managed system with the Consignment Stock agreement is a business practice where a buyer׳s inventory remains the property of the vendor until its withdrawal by the final customer demand. Such an agreement has shown to be a profitable stock management approach, especially when operating in uncertain environments where delivery lead times and/or market demand vary over time.

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Year of publication:	2014
Authors:	Bazan, Ehab ; Jaber, Mohamad Y. ; Zanoni, Simone ; Zavanella, Lucio E.
Published in:	International Journal of Production Economics. - Elsevier, ISSN 0925-5273. - Vol. 157.2014, C, p. 289-301
Publisher:	Elsevier
Subject:	Consignment Stock \| Imperfect production \| Supply chain coordination \| Inventory management \| Minor-setups for restoration

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Type of publication:	Article
Source:	RePEc - Research Papers in Economics

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