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| Author: | Viswanathan, S. Piplani, R. |
| Title: | Coordinating supply chain inventories through common replenishment epochs |
| Journal: | European Journal of Operational Research
2001 : MAR, VOL. 129:2, p. 277-286 |
| Index terms: | Supply chain management Inventory control Policy Models |
| Freeterms: | Stackelberg game Replenishment schedules |
| Language: | eng |
| Abstract: | This paper proposes a model to study and analyze the benefit of coordinating supply chain inventories through the use of common replenishment epochs or time periods. A one-vendor, multi-buyer supply chain for a single product is analyzed. Under the proposed strategy, the vendor specifies common replenishment periods and requires all buyers to replenish only at those time periods. The vendor offers a price discount to entice the buyers to accept this strategy. The optimal replenishment period and the price discount to be offered by the vendor are determined as a solution to a Stackelberg game. After developing a method to solve the game, a numerical study is conducted to evaluate the benefit of the proposed coordinated strategy. |
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