Modeling a coordinated manufacturer-buyer single-item system under vendor-managed inventory

Fidel Torres, Frank Ballesteros, Marcela Villa

    Producción científica: Capítulo del libro/informe/acta de congresoCapítulo de libro resultado de investigaciónrevisión exhaustiva

    4 Citas (Scopus)


    This work develops a new coordinated manufacturer-buyer model for a single item in a vendor-managed inventory (VMI) context. The proposed model includes the manufacturing uptime and a manufacturer-buyer synchronization scheme. This mechanism makes logistical coordination between manufacturer and buyer much easier. The analysis of the mathematical model of coordination considers production and demand rates, as well as totals of the manufacturer and the buyer’s ordering and holding inventory costs. This study is complemented by a sensitivity analysis. It focuses on the effects of parameter variations on proposed performance measurements in the manufacturer-buyer VMI-coordinated scheme. Finally, analytical conditions under which the suggested coordinated implementation of VMI gives benefits to both manufacturer and buyer and to the supply chain are deduced and verified. Results show that it is possible for both the manufacturer and buyer to obtain profits in VMI implementation by selecting satisfactory parameter combinations using our proposed coordination scheme in a win-win relationship.

    Idioma originalInglés
    Título de la publicación alojadaInternational Series in Operations Research and Management Science
    EditorialSpringer New York LLC
    Número de páginas32
    EstadoPublicada - 2014

    Serie de la publicación

    NombreInternational Series in Operations Research and Management Science
    ISSN (versión impresa)0884-8289

    Nota bibliográfica

    Publisher Copyright:
    © Springer Science+Business Media New York 2014.


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