A Quantity-Time-Based Dispatching Policy for a VMI System

Ching, Wai‐Ki; Tai, Allen H.

doi:10.1007/11424925_37

Cited by 14 publications

(12 citation statements)

References 10 publications

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“…Under the hybrid policy, a dispatch decision is made either when the size of a consolidated load exceeds q H (pre-specified dispatch quantity), or when the time since the last dispatch exceeds T H (pre-specified dispatch time). Cetinkaya and Bookbinder (2003); Chen et al (2005); Centinkaya and Lee (2002); Moon et al (2011); Ching and Tai (2005); Cetinkaya et al (2006) have developed the optimization models for shipment consolidation. For the demand arrival following a Poisson process, Cetinkaya and Bookbinder (2003), and Chen et al (2005) have developed the optimal quantity based policy.…”

Section: Literature Reviewmentioning

confidence: 99%

“…They extended the results of Centinkaya and Lee (2002) to consider the joint replenishment of multiple items and introduce two time-based policies for the warehouse (stationary policy and non-stationary policy, respectively). The optimal hybrid dispatch policy with stochastic demand is studied by Ching and Tai (2005) and Cetinkaya et al (2006). They analyzed the advantages and the disadvantages of the quantity-based policy and the time-based policy, and have proposed hybrid policies.…”

Section: Literature Reviewmentioning

confidence: 99%

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Integrated inventory and transportation decision for ubiquitous supply chain management

et al. 2011

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We consider price-dependent demand and develop an integrated inventory and transportation policy with strategic pricing to maximize the total profit for a ubiquitous enterprise. The proposed policy provides the optimal ordering, shipment and pricing decision. We first assume that demand for a product is a linear function of the price. A mathematical model for the total profit under quantity based dispatch is developed in consideration of ordering, shipment and pricing variables. Optimality properties for the model are then obtained and an efficient algorithm is provided to compute the optimal parameters for ordering, shipment and pricing decision. Finally, we extend our results to a more

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Section: Literature Reviewmentioning

confidence: 99%

Section: Literature Reviewmentioning

confidence: 99%

Integrated inventory and transportation decision for ubiquitous supply chain management

et al. 2011

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“…Cetinkaya and Lee (2000) and Ching and Tai (2005) used a renewal theoretical model to minimise costs. Ching and Tai (2005) considered a VMI approach in which a vendor does not ship goods to a region before a specific amount is gathered (a quantity-based policy) and developed an analytical model for this policy.…”

Section: Inventory and Transportationmentioning

confidence: 99%

Vendor-managed inventory: a review based on dimensions

Govindan

2013

International Journal of Production Research

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Vendor-managed inventory (VMI) represents the methodology through which the upstream stage of a supply chain (vendor) takes responsibility for managing the inventories at the downstream stage (customer) based on previously agreed limits. VMI is another method by which supply chains can be managed, and, owing to centralised decisionmaking and constant information sharing, the benefits are much higher than in traditional supply chain case. However, there exists a lack of research that identifies the dimensions of VMI, benefits of VMI, methods, and levels used in the VMI environment. The focus of this paper is to explore the existing literature on VMI, to categorise it according to the criteria evaluated, and to present a systematic review. In this study, we have classified the review into three categories such as dimension-based, methodology-based, and level-based. From the thorough literature review, we have identified six dimensions of VMI: namely, inventory, transportation, manufacturing, general benefits, coordination/collaboration, and information sharing. In addition, there are, three methodological classifications: modelling, simulation, and case studies. Finally, we will consider the level-based classification. Based on the review, several recommendations that improve the performance of VMI are presented.

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“…Cetinkaya and Bookbinder [25], Chen et al [26], Cetinkaya and Lee [27], Moon et al [28], Ching and Tai [29], and Cetinkaya et al [23] have developed the optimization models for shipment consolidation. For the demand arrival following a Poisson process, Cetinkaya and Bookbinder [25], and Chen et al [26] have developed the optimal quantity based policy.…”

Section: Literature Reviewmentioning

confidence: 99%

“…They extended the results of Cetinkaya and Lee [27] to consider the joint replenishment of multiple items and introduce two time-based policies (stationary policy and non-stationary policy) for the warehouse. The optimal hybrid dispatch policy with stochastic demand is studied by Ching and Tai [29] and Cetinkaya et al [23]. They analyzed the advantages and the disadvantages of the quantity-based policy and the time-based policy, and they proposed hybrid policies since combination of the two most popular policies (quantity-based and time-based) in logistics literature may yield another option for consolidation policy.…”

Section: Literature Reviewmentioning

confidence: 99%

Shipment Consolidation Policy under Uncertainty of Customer Order for Sustainable Supply Chain Management

et al. 2017

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Abstract:With increasing concern over the environment, shipment consolidation has become one of a main initiative to reduce CO 2 emissions and transportation cost among the logistics service providers. Increased delivery time caused by shipment consolidation may lead to customer's order cancellation. Thus, order cancellation should be considered as a factor in order uncertainty to determine the optimal shipment consolidation policy. We develop mathematical models for quantity-based and time-based policies and obtain optimality properties for the models. Efficient algorithms using optimal properties are provided to compute the optimal parameters for ordering and shipment decisions. To compare the performances of the quantity-based policy with the time-based policy, extensive numerical experiments are conducted, and the total cost is compared.

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A Quantity-Time-Based Dispatching Policy for a VMI System

Cited by 14 publications

References 10 publications

Integrated inventory and transportation decision for ubiquitous supply chain management

Integrated inventory and transportation decision for ubiquitous supply chain management

Vendor-managed inventory: a review based on dimensions

Shipment Consolidation Policy under Uncertainty of Customer Order for Sustainable Supply Chain Management

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