This study aims to determine the value of vendor-managed inventory (VMI) over independent decision making with information sharing (IS) under non-stationary stochastic demand with service-level constraints. For this purpose, we utilize mixed-integer linear programming formulations to quantify...

Virtual integration of supply chains is on the agenda of most organizations as there is a growing need to reduce inventories at each echelon to maximize the value for the ultimate customer. In this context, information has emerged as the most important asset to create competitive advantage. Thus...

The need for retail and manufacturing companies to better track inventory and raw materials, and the decreasing cost of microchips have led to enhanced interest in automatic identification systems. Retailers continue to face challenges in managing their business due to inconsistencies in data...