An integrated inventory model for a single vendor and multiple buyers with ordering cost reduction
學年 90
學期 1
出版（發表）日期 2001-10-13
作品名稱 An integrated inventory model for a single vendor and multiple buyers with ordering cost reduction
作品名稱（其他語言）
著者 Woo, York Y.; Hsu, Shu-lu; Wu, Soushan
單位 淡江大學資訊管理學系
出版者 Elsevier
著錄名稱、卷期、頁數 International Journal of Production Economics 73(3), pp.203-215
摘要 Forming strategic alliances and utilizing modern information technologies have been the two most important ways for firms to gain such competitive advantages as lower logistics costs and secure customers’ loyalty. In this paper, we consider an integrated inventory system where a single vendor purchases and processes raw materials in order to deliver finished items to multiple buyers. The vendor and all buyers are willing to invest in reducing the ordering cost (e.g., establishing an electronic data interchange based inventory control system) in order to decrease their joint total cost. The amount of investment determines the planned ordering cost and hence affects their replenishment decisions. One major managerial implication from this ordering cost reduction is that the efforts to streamline and speedup transactions via the application of information technologies may result in a higher degree of coordination and automation among allied trading parties. An analytical model is developed to derive the optimal investment amount and replenishment decisions for both vendor and buyers. The exponential ordering cost function is then applied to our general model, and a numerical analysis is performed to provide interesting insights of the model. Numerical results show that the vendor and all the buyers can benefit directly from substantial cost savings by this ordering cost reduction investment.
關鍵字 Inventory;Integrated model;Vendor;Multiple buyers;Ordering cost
語言 en
ISSN 0925-5273
期刊性質 國內
收錄於
產學合作
通訊作者
審稿制度 否
國別 TWN
公開徵稿
出版型式 ,電子版
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