Optimizing an integrated vendor-managed inventory system for a single-vendor two-buyer supply chain with determining weighting factor for vendor׳s ordering cost

@article{Rad2014OptimizingAI,
  title={Optimizing an integrated vendor-managed inventory system for a single-vendor two-buyer supply chain with determining weighting factor for vendor׳s ordering cost},
  author={Reza Hosseini Rad and Jafar Razmi and Mohamad Sadegh Sangari and Zahra Ebrahimi},
  journal={International Journal of Production Economics},
  year={2014},
  volume={153},
  pages={295-308}
}
This paper considers a two-echelon supply chain model with a single vendor and two buyers in which the vendor supplies the same item to both buyers at a finite production rate. The purpose of this study is twofold. First, mathematical models are developed for the integrated vendor-managed inventory (VMI) policy as well as the traditional retailer-managed inventory (RMI) system and solution algorithms are presented to determine the optimal lot size and total inventory cost of the supply chain… Expand
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