Coordinated Replenishment Strategies in Inventory/Distribution Systems

In this paper, we study the impact of coordinated replenishment and shipment in inventory/distribution systems. We analyze a system with multiple retailers and one outside supplier. Random demand occurs at each retailer, and the supplier replenishes all the retailers. In traditional inventory models, each retailer orders directly from the supplier whenever the need arises. We present a new, centralized ordering policy that orders

• Type: Journal
• Year: 2007
• Where: MANSCI
• Authors: Mustafa Çagri Gürbüz, Kamran Moinzadeh, Yong-Pin Zhou
• Keywords: MANSCI 2007, Multiple Retailers, Retailer, Traditional Inventory Models