IDEAS home Printed from https://ideas.repec.org/a/taf/tprsxx/v55y2017i18p5225-5242.html
   My bibliography  Save this article

Vendor managed inventory with consignment stock for supply chain with stock- and price-dependent demand

Author

Listed:
  • M. Hemmati
  • S.M.T. Fatemi Ghomi
  • Mohsen S. Sajadieh

Abstract

This paper presents a single vendor–single buyer coordinated model. The vendor produces a single deteriorating item and transfers it to the buyer in equal shipments. The model is based on vendor managed inventory with consignment stock (VMI-CS) agreement in which the vendor uses the buyer’s warehouse. The buyer stocks items both on his shelf and in his warehouse. The demand is assumed to be linearly sensitive to inventory level and selling price. The objective is to determine variables that maximise the total profit. An exact solution procedure is proposed to find the optimal solution. Numerical results show that supply chain members will benefit from the advantages of economies of scale in coordinated model with VMI-CS policy.

Suggested Citation

  • M. Hemmati & S.M.T. Fatemi Ghomi & Mohsen S. Sajadieh, 2017. "Vendor managed inventory with consignment stock for supply chain with stock- and price-dependent demand," International Journal of Production Research, Taylor & Francis Journals, vol. 55(18), pages 5225-5242, September.
    • Handle: RePEc:taf:tprsxx:v:55:y:2017:i:18:p:5225-5242
    DOI: 10.1080/00207543.2017.1296203
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1080/00207543.2017.1296203
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.1080/00207543.2017.1296203?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Hesham K. Alfares & Ahmed M. Attia, 2017. "A supply chain model with vendor-managed inventory, consignment, and quality inspection errors," International Journal of Production Research, Taylor & Francis Journals, vol. 55(19), pages 5706-5727, October.
    2. M. Masanta & B. C. Giri, 2022. "A manufacturing–remanufacturing supply chain model with learning and forgetting in inspection under consignment stock agreement," Operational Research, Springer, vol. 22(4), pages 4093-4117, September.
    3. Jing Liu & Fuyou Huang & Chao Ma, 2021. "Coordination of VMI supply chain with replenishment tactic under risk aversion and sales effort," 4OR, Springer, vol. 19(3), pages 389-414, September.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:taf:tprsxx:v:55:y:2017:i:18:p:5225-5242. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Chris Longhurst (email available below). General contact details of provider: http://www.tandfonline.com/TPRS20 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.