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
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