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A Note on Stock Replenishment and Shipment Scheduling for Vendor-Managed Inventory Systems

På svenska

Author

  • Sven Axsäter

Summary, in English

In a recent paper, Cetinkaya and Lee (2000) model integrated inventory control and shipment scheduling in connection with vendor-managed inventory (VMI). The model is optimized by an approximate technique. This note provides a simple procedure for exact optimization, and illustrates that the errors when using the suggested approximate technique may be very large for certain types of problems. We also suggest a new approximation and an adjustment that can be used to improve both the original and new heuristic.

Publishing year

2001

Language

English

Pages

1306-1310

Publication/Series

Management Science

Volume

47

Issue

9

Document type

Journal article

Publisher

Informs

Topic

  • Transport Systems and Logistics

Keywords

  • Stochastic Demand
  • Vendor-Managed Inventory

Status

Published

ISBN/ISSN/Other

  • ISSN: 0025-1909