Power-of-two single-warehouse multi-buyer inventory coordination with private information

Chu, Chi-Leung; Leon, V. Jorge

doi:10.1016/j.ijpe.2006.12.063

Cited by 18 publications

(15 citation statements)

References 13 publications

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“…In this paper, we extend the SWMR model proposed by Roundy (1985) and Chu and Leon (2008) to allow for travel cost optimisation. Roundy (1985) introduced two new types of policies, namely, integer-ratio policies and power-of-two policies.…”

Section: A Brief Review Of Models and Solution Approachesmentioning

confidence: 99%

“…The complexity of each of the two policies developed by Roundy (1985) is O(nlog(n)), where n is the total number of retailers. Chu and Leon (2008) consider the same problem as Roundy and proposed a solution method which only considers the feasible power-of-two policies. Instead of successively checking whether the optimal reorder period of the warehouse falls within a certain interval (Roundy, 1985), Chu and Leon (2008) proposed a method that takes advantage of the property that the total average cost of the system is convex.…”

Section: A Brief Review Of Models and Solution Approachesmentioning

confidence: 99%

“…The approaches proposed by Roundy (1985) and Chu and Leon (2008) consider the transportation costs as fixed costs. This means that there is no coordination between retailers to minimise transportation and fleet costs.…”

Section: A Brief Review Of Models and Solution Approachesmentioning

confidence: 99%

“…This SWMR case has been studied before in particular by Roundy (1985) and Chu and Leon (2008), amongst others. However, they assumed that only direct shipping is used to replenish the retailers, i.e., each vehicle visits a single retailer and returns to the warehouse.…”

Section: Introductionmentioning

confidence: 99%

See 3 more Smart Citations

Analysing the effectiveness of vendor-managed inventory in a single-warehouse, multiple-retailer system

Rahim

Aghezzaf

Limère

et al. 2014

International Journal of Systems Science

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This paper considers a two-stage supply chain, consisting of a single warehouse and multiple retailers facing deterministic demands, under a vendor-managed inventory (VMI) policy. It presents a two-phase optimisation approach for coordinating the shipments in this VMI system. The first phase uses direct shipping from the supplier to all retailers to minimise the overall inventory costs. Then, in the second phase, the retailers are clustered using a construction heuristic in order to optimise the transportation costs while satisfying some additional restrictions. The improvement of the system's performance through coordinated VMI replenishments against the system with direct shipping only is shown and discussed in the comparative analysis section

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Section: A Brief Review Of Models and Solution Approachesmentioning

confidence: 99%

Section: A Brief Review Of Models and Solution Approachesmentioning

confidence: 99%

Section: A Brief Review Of Models and Solution Approachesmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

See 2 more Smart Citations

Analysing the effectiveness of vendor-managed inventory in a single-warehouse, multiple-retailer system

Rahim

Aghezzaf

Limère

et al. 2014

International Journal of Systems Science

View full text Add to dashboard Cite

show abstract

“…Reference [4] defined the traditional demand-driven supply chain as the forecast driven supply chain, pointed out that the mechanism will inevitably produce the bullwhip effect, and proposed that in demand-driven chain, demand feedback mode should not be used in practice. In recent years, inventory coordination problems in supply chain attracted the attention of some scholars [5], [6], but the studies only focused on series/ vertical inventory coordination, hardly on parallel /horizontal stock coordination.…”

Section: Introductionmentioning

confidence: 99%

A coordinating mechanism of inventory network in supply-driven chain

Xiao

Cai

2010

2010 IEEE 17Th International Conference on Industrial Engineering and Engineering Management

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Supply-driven chain is different from demand-driven supply chain, because of its initiative to meet the user needs to gain better dynamic performances.The conception and characteristics of supply-driven chain are discussed here, and then the network topology model of its inventory system. Two aspects of inventory coordination are analyzed here, including both the horizontal coordination between suppliers or manufacturers, and the vertical coordination between suppliers and manufacturers, or between manufacturers and retailers/end users, to fit the user demand forwardly.

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An integrated supply chain problem: a nested lagrangian relaxation approach

Diabat

Richard

2015

Ann Oper Res

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Power-of-two single-warehouse multi-buyer inventory coordination with private information

Cited by 18 publications

References 13 publications

Analysing the effectiveness of vendor-managed inventory in a single-warehouse, multiple-retailer system

Analysing the effectiveness of vendor-managed inventory in a single-warehouse, multiple-retailer system

A coordinating mechanism of inventory network in supply-driven chain

An integrated supply chain problem: a nested lagrangian relaxation approach

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