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

Axsäter, Sven LU (2001) In Management Science 47(9). p.1306-1310
Abstract
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.
Please use this url to cite or link to this publication:
author
organization
publishing date
type
Contribution to specialist publication or newspaper
publication status
published
subject
keywords
Stochastic Demand, Vendor-Managed Inventory
categories
Popular Science
in
Management Science
volume
47
issue
9
pages
1306 - 1310
publisher
Informs
external identifiers
  • scopus:0035466860
ISSN
0025-1909
language
English
LU publication?
yes
id
428055d9-f345-430e-987a-ec8b97088955 (old id 633014)
date added to LUP
2016-04-04 07:43:57
date last changed
2023-01-05 07:26:06
@misc{428055d9-f345-430e-987a-ec8b97088955,
  abstract     = {{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.}},
  author       = {{Axsäter, Sven}},
  issn         = {{0025-1909}},
  keywords     = {{Stochastic Demand; Vendor-Managed Inventory}},
  language     = {{eng}},
  number       = {{9}},
  pages        = {{1306--1310}},
  publisher    = {{Informs}},
  series       = {{Management Science}},
  title        = {{A Note on Stock Replenishment and Shipment Scheduling for Vendor-Managed Inventory Systems}},
  volume       = {{47}},
  year         = {{2001}},
}