Title: A computer simulation model for analysing performance of inventory policy in multi-product mode in two-echelon supply chain
Authors: Ali Azadeh, M. Allahverdiloo, Salman Nazari Shirkouhi
Addresses: Department of Industrial Engineering and Center of Excellence for Intelligent Experimental Mechanics, College of Engineering, University of Tehran, Iran. ' Department of Industrial Engineering and Center of Excellence for Intelligent Experimental Mechanics, College of Engineering, University of Tehran, Iran. ' Department of Industrial Engineering and Center of Excellence for Intelligent Experimental Mechanics, College of Engineering, University of Tehran, Iran
Abstract: In this paper, a simulation model is presented for analysing performance of inventory policy in multi-product mode in two-echelon supply chain including four retailers and one capacitated supplier. The inventory policies include: Economic Order Quantity (EOQ), Periodic Order Quantity (POQ), Silver-Meal (SM), and Part-Period Balancing (PPB). The results also show that sharing planned order information (OIS) is better than sharing only demand information (DIS), which, in turn, is better than No Information Sharing (NIS), for all inventory policies used by the retailers.
Keywords: two-echelon supply chains; SCM; supply chain management; inventory management; multi-product modes; computer simulations; performance analysis; inventories; retailers; retailing; retail trade; capacitated suppliers; inventory policies; economic order quantity; EOQ; periodic order quantity; period order quantity; POQ; Silver-Meal heuristics; part-period balancing; PPB; no information sharing; order information sharing; demand information sharing; logistics systems; logistics management.
DOI: 10.1504/IJLSM.2011.037419
International Journal of Logistics Systems and Management, 2011 Vol.8 No.1, pp.66 - 85
Published online: 30 Apr 2015 *
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