Focused Issue: The Use of Information in Managing Supply Chains, Part 2 of 2: Coordinating Production and Delivery Under a (z, Z)-Type Vendor-Managed Inventory Contract

@article{Fry2001FocusedIT,
  title={Focused Issue: The Use of Information in Managing Supply Chains, Part 2 of 2: Coordinating Production and Delivery Under a (z, Z)-Type Vendor-Managed Inventory Contract},
  author={Michael J. Fry and Roman Kapuscinski and Tava Lennon Olsen},
  journal={Manufacturing & Service Operations Management},
  year={2001},
  volume={3},
  pages={151-173}
}
This paper models a type of vendor-managed inventory (VMI) agreement that occurs in practice called a (z, Z) contract. We investigate the savings due to better coordination of production and delivery facilitated by such an agreement. The optimal behavior of both the supplier and the retailer are characterized. The optimal replenishment and production policies for a supplier are found to be up-to policies, which are shown to be easily computed by decoupling the periods when the supplier… CONTINUE READING

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