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

Author

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  • Sven Axsäter

    (Department of Industrial Management and Logistics, Lund University, P.O. Box 118, SE-221 00 Lund, Sweden)

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.

Suggested Citation

  • Sven Axsäter, 2001. "A Note on Stock Replenishment and Shipment Scheduling for Vendor-Managed Inventory Systems," Management Science, INFORMS, vol. 47(9), pages 1306-1310, September.
    • Handle: RePEc:inm:ormnsc:v:47:y:2001:i:9:p:1306-1310
    DOI: 10.1287/mnsc.47.9.1306.9782
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    References listed on IDEAS

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    1. Sila Çetinkaya & Chung-Yee Lee, 2000. "Stock Replenishment and Shipment Scheduling for Vendor-Managed Inventory Systems," Management Science, INFORMS, vol. 46(2), pages 217-232, February.
    2. Yu-Sheng Zheng & A. Federgruen, 1991. "Finding Optimal (s, S) Policies Is About As Simple As Evaluating a Single Policy," Operations Research, INFORMS, vol. 39(4), pages 654-665, August.
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    Cited by:

    1. Kaya, Onur & Kubalı, Deniz & Örmeci, Lerzan, 2013. "A coordinated production and shipment model in a supply chain," International Journal of Production Economics, Elsevier, vol. 143(1), pages 120-131.
    2. Darwish, M.A. & Odah, O.M., 2010. "Vendor managed inventory model for single-vendor multi-retailer supply chains," European Journal of Operational Research, Elsevier, vol. 204(3), pages 473-484, August.
    3. Sancak, Emre & Salman, F. Sibel, 2011. "Multi-item dynamic lot-sizing with delayed transportation policy," International Journal of Production Economics, Elsevier, vol. 131(2), pages 595-603, June.
    4. Xu, Kefeng & Leung, Mark T., 2009. "Stocking policy in a two-party vendor managed channel with space restrictions," International Journal of Production Economics, Elsevier, vol. 117(2), pages 271-285, February.

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