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Most studies on supply chain management have taken an "inventory" point of view: The chain, supplier--manufacturer--majormanufacturer, is thus analyzed as a series of production-inventory decisions. Although correct, that approach neglects issues on the transportation between nodes, thereby...
Persistent link: https://www.econbiz.de/10005228231
We examine a joint inventory replenishment and shipment scheduling problem that arises in the context of a vendor-managed inventory (VMI) arrangement. Since a temporal shipment consolidation policy is being implemented, the inventory requirements at the vendor are affected by the timing and...
Persistent link: https://www.econbiz.de/10009202077
One of the basic assumptions of the classical dynamic lot-sizing model is that the aggregate demand of a given period must be satisfied in that period. Under this assumption, if backlogging is not allowed, then the demand of a given period cannot be delivered earlier or later than the period. If...
Persistent link: https://www.econbiz.de/10009203705
Vendor-managed inventory (VMI) is a supply-chain initiative where the supplier is authorized to manage inventories of agreed-upon stock-keeping units at retail locations. The benefits of VMI are well recognized by successful retail businesses such as Wal-Mart. In VMI, distortion of demand...
Persistent link: https://www.econbiz.de/10009214621
We study a retailer-carrier channel for the purpose of long term planning and coordination. Here, the term channel represents the business interaction between the retailer and the carrier. The retailer sells a particular item with price-dependent demand, whereas the carrier is responsible for...
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We analyze retail space-exchange problems where two or more retailers exchange their excess retail spaces to improve the utilization of their space resource. We first investigate the two-retailer space exchange problem. In order to entice both retailers with different bargaining powers to...
Persistent link: https://www.econbiz.de/10010871241