Comparisons between the Two Basic Transportation Policies in VMI
Vendor managed inventory is a new management mode in which the vendor decides the replenishment time and quantity of the downstream members. There are two basic coordination policies which are the time-based delivery policy and the quantity-based delivery policy. The process and the optimal results between the two policies are simply compared. Furthermore, considering the two cases of vendor optimal order-up-to level being zero and no-zero in the time-based policy, the long-run expected average cost and magnitude of the cost savings are compared between the two policies. The results show the quantity-based policy performs better than the time-based policy in terms of the total long-run expected average cost. They also show the magnitude of the cost savings depends on the relative parameters
Comparison Quantity-based Time-based Vendor Managed Inventory
Liu Peng-fei Xie Ru-he Yang Peng
School of Traffic and Transportation Engineering, Central South University,changsha,P.R.China, 41007 School of Economics and Management, Guangzhou University, Guangzhou P.R.China, 510006 Hunan Financial and Economic College, changsha,P.R.China, 410205
国际会议
天津
英文
2007-10-20（万方平台首次上网日期，不代表论文的发表时间）