• DocumentCode
    1965111
  • Title

    Simulation Research on the Stock Control Strategy of VMI Combined Revenue Sharing

  • Author

    Zhu, Zhang Tie ; Peng, Wang Yue

  • Author_Institution
    Sch. of Econ. & Manage., Harbin Univ. of Sci. & Technol., Harbin
  • fYear
    2008
  • fDate
    23-25 May 2008
  • Firstpage
    657
  • Lastpage
    661
  • Abstract
    A mixed strategy which combines VMI and revenue sharing is put forward in this paper due to the problem of supply chain´s hierarchy stock control strategy. A hierarchy and multi-cycle simulation model is constructed by multi-agent as well. The stock strategy of(S, Q), VMI, and VMI which is combined with revenue-sharing is carried out by discrete event simulation software EM-Plant. As the result, the stock strategy of VMI combined with revenue sharing not only reduces bullwhip effect and average holding stock cost but also distributes the profit of supply chain members reasonable and coordinates the supply chain well.
  • Keywords
    costing; discrete event simulation; profitability; stock control; supply chain management; EM-Plant; VMI; bullwhip effect reduction; discrete event simulation software; holding stock cost; revenue sharing; stock control strategy; supply chain; vendor managed inventory; Contracts; Cost function; Information processing; Inventory management; Manufacturing; Marketing and sales; Power generation economics; Supply chain management; Supply chains; Technology management;
  • fLanguage
    English
  • Publisher
    ieee
  • Conference_Titel
    Information Processing (ISIP), 2008 International Symposiums on
  • Conference_Location
    Moscow
  • Print_ISBN
    978-0-7695-3151-9
  • Type

    conf

  • DOI
    10.1109/ISIP.2008.78
  • Filename
    4554168