Title :
Study on a Two-Echelon Supply Chain VMI Model under Demand Uncertainty
Author :
Cai, Jianhu ; Wang, Huanhuan ; Zhou, Gengui
Author_Institution :
Coll. of Bus. & Adm., Zhejiang Univ. of Technol., Hangzhou
Abstract :
Vendor-managed inventory (VMI) model is a new inventory management mode in supply chain, under which the supplier takes charge of inventory management, and bears all inventory risk. A two-echelon supply chain, operating under a VMI mode, is put forward. And the products are perishable and sold over a single selling season. And a simple VMI model is first discussed, and the supplierpsilas optimal inventory decision is obtained. Then the paper introduces a more complex supply chain with two retailers, and the transshipment tactics is considered.
Keywords :
inventory management; supply chain management; inventory management mode; two-echelon supply chain; vendor-managed inventory model; Distribution functions; Educational institutions; Electronic commerce; Gaussian distribution; Inventory management; National security; Production; Sociology; Supply chains; Uncertainty; VMI; news vendor model; supply chain;
Conference_Titel :
Electronic Commerce and Security, 2008 International Symposium on
Conference_Location :
Guangzhou City
Print_ISBN :
978-0-7695-3258-5
DOI :
10.1109/ISECS.2008.22
