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Inventory management and control applied to a manufacturing firm.
Date
1982
Author
Üreten (Baklacıoğlu), Sevinç
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https://hdl.handle.net/11511/4893
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Graduate School of Social Sciences, Thesis
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Vendor Managed Inventory (VMI) is a business practice in which vendors monitor their customers’ inventories, and decide when and how much inventory should be replenished. VMI has attracted a lot of attention due to its benefits. In this study, we analyze the benefits of VMI in a supply chain consisting of a single retailer and a single capacitated supplier under stochastic demand. We propose a VMI setting and compare the vendor managed system with the traditional system to quantify the benefits of VMI. In o...
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Substitutable product inventory problem is analyzed using the concepts of stochastic game theory. It is assumed that there are two substitutable products that are sold by different retailers and the demand for each product is random. Game theoretic nature of this problem is the result of substitution between products. Since retailers compete for the substitutable demand, ordering decision of each retailer depends on the ordering decision of the other retailer. Under the discounted payoff criterion, this pro...
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In warehouses, storage replenishment operations involve the transportation of items to capacitated item slots in the forward storage area from reserve storage. These items are later picked from these slots as demand arises. While order picking constitutes the majority of warehouse operating costs, efficient management of replenishment operations is important to ensure the availability of the items for picking and to decrease the operating costs due to replenishment, which might be particularly higher in war...
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S. Üreten (Baklacıoğlu), “Inventory management and control applied to a manufacturing firm.,” Middle East Technical University, 1982.