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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
2008-02-04 12:27:26
date last changed
2018-05-29 11:21:55
@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},
}