Article ID Journal Published Year Pages File Type
1023833 Transportation Research Part E: Logistics and Transportation Review 2010 11 Pages PDF
Abstract

We examine a joint inventory replenishment and shipment scheduling problem that arises in the context of a vendor-managed inventory (VMI) arrangement. Since a temporal shipment consolidation policy is being implemented, the inventory requirements at the vendor are affected by the timing and quantity of shipment release. The vendor’s problem is to determine an integrated policy for inventory replenishment and shipment release and to set its parameters. We develop analytical models for computing such integrated policies where it is economical to use common carriage for outbound transportation. We propose algorithmic approaches to set the optimal policy parameter values.

Related Topics
Social Sciences and Humanities Business, Management and Accounting Business and International Management
Authors
, ,