Abstract:Vendor Managed Inventory (VMI) is increasingly being adopted as a mean of enhancing the efficiency of supply chain (SC) operations. In this paper, we consider a scenario where a vendor is responsible for managing the inventory of several retailers following a VMI partnership and subject to restrictions on their maximum inventory levels. To better reflect reality, we first propose a mixed integer nonlinear programming model where the vendor and the retailers operate under different environmental legislations wi… Show more
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