Title :
Study on Inventory Management Modes in a Two-echelon Supply Chain
Author :
Cai Jian-hu ; Wei-Lai, Huang
Author_Institution :
Coll. of Bus. & Adm., Zhejiang Univ. of Technol.
Abstract :
In a two-echelon supply chain, two inventory management modes, retailer managed inventory (RMI) and vendor managed inventory (VMI), are analyzed respectively. The products are perishable and sold over a single selling season. We analyze the process of dynamic games between the supplier and the retailer, and equilibrium solutions are presented in different inventory management modes. At last we compare the solutions in different modes, and further research directions are put forward
Keywords :
game theory; inventory management; order processing; supply chain management; backward induction method; inventory management mode; retailer managed inventory mode; supplier-retailer dynamic game process; two-echelon supply chain; vendor managed inventory mode; Computer aided instruction; Distribution functions; Educational institutions; Gaussian distribution; Inventory management; Probability density function; Production; Supply chain management; Supply chains; Technology management; Backward induction; Game; Supply chain;
Conference_Titel :
Management Science and Engineering, 2006. ICMSE '06. 2006 International Conference on
Conference_Location :
Lille
Print_ISBN :
7-5603-2355-3
DOI :
10.1109/ICMSE.2006.314019
