A Note on Stock Replenishment and Shipment Scheduling for Vendor-Managed Inventory Systems
(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:
https://lup.lub.lu.se/record/633014
- author
- Axsäter, Sven LU
- organization
- publishing date
- 2001
- 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}}, }