Implementing a vendor managed inventory policy in a two-stage supply chain with stochastic demands
- Author
- Mohd Kamarul Irwan Abdul Rahim (UGent) and El-Houssaine Aghezzaf (UGent)
- Organization
- Abstract
- In a two-stage supply chain, implementing Vendor Managed Inventory policies (VMI), the supplier assumes, in addition to his own inbound inventory, the responsibility of maintaining inventory at its retailers and ensuring that they will not run out of stock at any moment. This paper discusses an optimization approach, considering the impact of demand uncertainty on the inbound as well as the outbound inventory, for a two-stage supply chain implementing VMI. In the proposed approach, retailers are first clustered to minimize the within-cluster travel costs and/or distances and are then replenished using an optimal direct shipping strategy satisfying some additional restrictions.
- Keywords
- Stochastic Demand, Supply Chain Optimization, Distribution, Inventory Control
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Citation
Please use this url to cite or link to this publication: http://hdl.handle.net/1854/LU-2960047
- MLA
- Abdul Rahim, Mohd Kamarul Irwan, and El-Houssaine Aghezzaf. “Implementing a Vendor Managed Inventory Policy in a Two-Stage Supply Chain with Stochastic Demands.” IFAC PROCEEDINGS VOLUMES, 2012, pp. 602–07, doi:10.3182/20120523-3-RO-2023.00215.
- APA
- Abdul Rahim, M. K. I., & Aghezzaf, E.-H. (2012). Implementing a vendor managed inventory policy in a two-stage supply chain with stochastic demands. IFAC PROCEEDINGS VOLUMES, 602–607. https://doi.org/10.3182/20120523-3-RO-2023.00215
- Chicago author-date
- Abdul Rahim, Mohd Kamarul Irwan, and El-Houssaine Aghezzaf. 2012. “Implementing a Vendor Managed Inventory Policy in a Two-Stage Supply Chain with Stochastic Demands.” In IFAC PROCEEDINGS VOLUMES, 602–7. https://doi.org/10.3182/20120523-3-RO-2023.00215.
- Chicago author-date (all authors)
- Abdul Rahim, Mohd Kamarul Irwan, and El-Houssaine Aghezzaf. 2012. “Implementing a Vendor Managed Inventory Policy in a Two-Stage Supply Chain with Stochastic Demands.” In IFAC PROCEEDINGS VOLUMES, 602–607. doi:10.3182/20120523-3-RO-2023.00215.
- Vancouver
- 1.Abdul Rahim MKI, Aghezzaf E-H. Implementing a vendor managed inventory policy in a two-stage supply chain with stochastic demands. In: IFAC PROCEEDINGS VOLUMES. 2012. p. 602–7.
- IEEE
- [1]M. K. I. Abdul Rahim and E.-H. Aghezzaf, “Implementing a vendor managed inventory policy in a two-stage supply chain with stochastic demands,” in IFAC PROCEEDINGS VOLUMES, Bucharest, Romania, 2012, pp. 602–607.
@inproceedings{2960047,
abstract = {{In a two-stage supply chain, implementing Vendor Managed Inventory policies (VMI), the supplier assumes, in addition to his own inbound inventory, the responsibility of maintaining inventory at its retailers and ensuring that they will not run out of stock at any moment. This paper discusses an optimization approach, considering the impact of demand uncertainty on the inbound as well as the outbound inventory, for a two-stage supply chain implementing VMI. In the proposed approach, retailers are first clustered to minimize the within-cluster travel costs and/or distances and are then replenished using an optimal direct shipping strategy satisfying some additional restrictions.}},
author = {{Abdul Rahim, Mohd Kamarul Irwan and Aghezzaf, El-Houssaine}},
booktitle = {{IFAC PROCEEDINGS VOLUMES}},
isbn = {{9783902661982}},
issn = {{1474-6670}},
keywords = {{Stochastic Demand,Supply Chain Optimization,Distribution,Inventory Control}},
language = {{eng}},
location = {{Bucharest, Romania}},
pages = {{602--607}},
title = {{Implementing a vendor managed inventory policy in a two-stage supply chain with stochastic demands}},
url = {{http://doi.org/10.3182/20120523-3-RO-2023.00215}},
year = {{2012}},
}
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