AN INVENTORY MODEL FOR DETERIORATING ITEMS USING VENDOR-MANAGED INVENTORY POLICY

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SETAK M.; DANESHFAR L.

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Journal Paper

Paper Information

Journal: INTERNATIONAL JOURNAL OF ENGINEERING Year:2014 | Volume:27 | Issue:7 TRANSACTIONS A: BASICS Page(s): 1081-1090

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Information Journal Paper

Title

AN INVENTORY MODEL FOR DETERIORATING ITEMS USING VENDOR-MANAGED INVENTORY POLICY

Author(s)

SETAK M. | DANESHFAR L. | Issue Writer Certificate

Keywords

VENDOR-MANAGED INVENTORY (VMI)

DETERIORATION

STOCK-DEPENDENT DEMAND

PARTIAL BACKLOGGING

Abstract

In recent researches, vendor managed inventory (VMI) policy is rarely considered in the case ofdeteriorating items. This study considers the supply chain partner’s collaboration via a VMI system and provides an EOQ model for a two-level supply chain (single supplier-single retailer) with stockdependent demand and constant deterioration and backlogging rates, to examine the inventory management proceedings for VMI and non-VMI supply chains. The equations are simplified using a new approach in modeling. A comparison between the costs of two mentioned cases is done. The results of analytical examination of inventory costs with and without VMI show that VMI system in our proposed model always has the ability to reduce total costs of the supply chain and is always better than the traditional one. Some numerical examples and sensitivity analysis are also given to illustrate the application of the proposed model.

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APA: Copy

SETAK, M., & DANESHFAR, L.. (2014). AN INVENTORY MODEL FOR DETERIORATING ITEMS USING VENDOR-MANAGED INVENTORY POLICY. INTERNATIONAL JOURNAL OF ENGINEERING, 27(7 TRANSACTIONS A: BASICS), 1081-1090. SID. https://sid.ir/paper/632634/en

Vancouver: Copy

SETAK M., DANESHFAR L.. AN INVENTORY MODEL FOR DETERIORATING ITEMS USING VENDOR-MANAGED INVENTORY POLICY. INTERNATIONAL JOURNAL OF ENGINEERING[Internet]. 2014;27(7 TRANSACTIONS A: BASICS):1081-1090. Available from: https://sid.ir/paper/632634/en

IEEE: Copy

M. SETAK, and L. DANESHFAR, “AN INVENTORY MODEL FOR DETERIORATING ITEMS USING VENDOR-MANAGED INVENTORY POLICY,” INTERNATIONAL JOURNAL OF ENGINEERING, vol. 27, no. 7 TRANSACTIONS A: BASICS, pp. 1081–1090, 2014, [Online]. Available: https://sid.ir/paper/632634/en

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