An integrated inventory model for vendor-customer coordination in a supply chain
by D.K. Shaw, A. Mishra, D.A. Khan
International Journal of Business Performance and Supply Chain Modelling (IJBPSCM), Vol. 3, No. 2, 2011

Abstract: The present study focuses on determining economic ordering quantity (EOQ) and shipping strategy of an inventory system integrated with a single-product, single-vendor and multi-customer scenario. Depending on the demand of all customers, production and shipping policies are determined and present a suitable model to illustrate the transferring of equally-sized batches. Optimum values of the decision variables are determined using a direct search method. In order to justify the lot-splitting approach for solving the integrated inventory problem, alternative model with no lot splitting are devised and tested under the same circumstances which produce similar or better results. A numerical example and related sensitivity analysis are given to show the effectiveness of the proposed model.

Online publication date: Tue, 30-Sep-2014

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