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:
http://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
- 2008-02-04 12:27:26
- date last changed
- 2018-02-18 04:34:17
@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}, keyword = {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}, }