Simulation-based optimisation for material dispatching in Vendor-Managed Inventory systems


This paper examines a problem related to replenishing inventories at retailers in distribution networks operated under the paradigm of Vendor Managed Inventory (VMI). In the real world, complexity in analysing such systems arises out of numerous factors, including several random variables and a multitude of costs in the system. Much of the literature makes… (More)
DOI: 10.1504/IJSPM.2007.016314

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