Study on an Advance Order Tactic in a Two-Echelon Supply Chain
With the development of the information and internet technology, Vendor-Managed-Inventory (VMI) has been adopted by more and more companies. In this paper, a two-echelon supply chain inventory decision model is discussed. The products are perishable and sold over a single selling season. First a VMI model is constructed, and the supply chain members optimal decisions are gained. Under VMI, the supplier takes charge of all inventory decisions and bears all inventory risk. Now an advance order tactic is introduced, under which the supplier gives the retailer a chance to place an advance order before the selling season. There are two wholesale prices after introducing the advance order tactic, and the retailers optimal advance order quantities are different under different wholesale prices. The supply chain is coordinated by adjusting two wholesale prices. All our findings are illustrated by a numerical example.
supply chain VMI newsvendor model advance order
CAI Jian-hu WANG Li-ping SHAO Zu-feng
College of Business and Administration Zhejiang University of Technology Hangzhou, China Public Security Management Department Hubei University of Police Wuhan, China
国际会议
武汉
英文
613-617
2009-11-18（万方平台首次上网日期，不代表论文的发表时间）