Supply chain integration under vendor managed inventory mode of operation considering stockout. .pdf
Creators: name: Seifbarghy, Mehdi
name: GILKALAYEH, Ali POUREBRAHIM
Publisher: name: figshare
Year: 2020
Subjects: subject: 90603 Industrial Electronics
subject: FOS: Electrical engineering, electronic engineering, information engineering
subject: FOS: Electrical engineering, electronic engineering, information engineering
subject: 90505 Infrastructure Engineering and Asset Management
subject: FOS: Civil engineering
subject: FOS: Civil engineering
subject: 91599 Interdisciplinary Engineering not elsewhere classified
subject: FOS: Other engineering and technologies
subject: FOS: Other engineering and technologies
subject: 91003 Machine Tools
subject: 91004 Machining
subject: 91099 Manufacturing Engineering not elsewhere classified
subject: 91005 Manufacturing Management
subject: 91006 Manufacturing Processes and Technologies (excl. Textiles)
subject: 91007 Manufacturing Robotics and Mechatronics (excl. Automotive Mechatronics)
subject: 91008 Manufacturing Safety and Quality
subject: 91199 Maritime Engineering not elsewhere classified
subject: FOS: Environmental engineering
subject: FOS: Environmental engineering
subject: 91299 Materials Engineering not elsewhere classified
subject: FOS: Materials engineering
subject: FOS: Materials engineering
subject: Mechanical Engineering
subject: FOS: Mechanical engineering
subject: FOS: Mechanical engineering
subject: 91399 Mechanical Engineering not elsewhere classified
subject: 90304 Medical Devices
subject: FOS: Medical engineering
subject: FOS: Medical engineering
subject: 90404 Membrane and Separation Technologies
subject: FOS: Chemical engineering
subject: FOS: Chemical engineering
subject: 91207 Metals and Alloy Materials
subject: 91306 Microelectromechanical Systems (MEMS)
subject: 90604 Microelectronics and Integrated Circuits
subject: 91009 Microtechnology
subject: 91404 Mineral Processing/Beneficiation
subject: 91405 Mining Engineering
subject: 91102 Naval Architecture
subject: 90904 Navigation and Position Fixing
subject: 90405 Non-automotive Combustion and Fuel Engineering (incl. Alternative/Renewable Fuels)
subject: Nuclear Engineering
subject: 91506 Nuclear Engineering (incl. Fuel Enrichment and Waste Processing and Storage)

description: This paper formulates a two-echelon single-vendor multi-buyer supply chain model assuming unsatisfied demand at the vendor to be backordered. The vendor and buyers apply Vendor Managed Inventory (VMI) mode of operation. The vendor gives the product to the buyers. The operational parameters are sales quantity, sales price and maximum number of stockouts for each buyer at the vendor's location. Channel profit of the supply chain and contract price between the vendor and buyers are determined based on the operational parameters. In order to find out the optimal values of the parameters, a mathematical model is formulated. Two heuristics are proposed to solve the addressed problem. Some numerical problems are provided and each problem is solved utilizing the heuristics. We have also solved the sample problems utilizing LINGO optimization solver in order to evaluate the performance of the proposed algorithms.