Abstract–The present study discusses the retailer’s optimal replenishment policy for products with a sea-sonal demand pattern. The demand of seasonal mer-chandise such as clothes, sporting goods, children’s toys and electrical home appearances tends to de-crease with time. In this study, we focus

This paper discusses a distribution system with M items (or suppliers), N identical retailers, and a warehouse responsible for the replenishment of the system under random demand. There is room for improvement in the performance of the distribution system if one considers the opportunities

Goyal (1985) is frequently cited when the inventory systems under conditions of permissible delay in payments are discussed. Goyal implicitly assumed that: 1. The unit selling price and the unit purchasing price are equal; 2. At the end of the credit period, the account is settled. The retailer

We consider a two echelon supply chain: a single retailer holds a finished goods inventory to meet an i.i.d. customer demand, and a single manufacturer produces the retailer’s replenishment orders on a make-to-order basis. In this setting the retailer’s order decision has a direct impact on the man

We consider the one-warehouse multiple retailer inventory model with a submodu-lar joint setup cost function. The objective of this model is to determine an inventory replenishment policy that minimizes the long-run average system cost over an infinite time horizon. Although the optimal policy

In this paper, we investigate the problem of determining a retailer's optimal cycle time and the optimal payment policy when supplier oers partially or fully permissible delay in payment linking to payment time. The retailer can obtain the larger fraction of the delay payment permitted

ordering policy and expected profit. Results show that the emergent vendor has more contributions to retailers if the backup ratio or penalty cost is larger. The amount committed to the major vendor by retailers decreases when an emergent vendor is available. However, the retailer’s total ordering quantity

Abstract: In this paper, we discuss a deterministic EOQ model for deteriorating items with partial backlogging under inflation and time discounting. Fuzziness is introduced by allowing the traditional cost components to a certain extent. Triangular fuzzy numbers are used to represent the costs components. Signed distance method is used to defuzzify the triangular fuzzy numbers. Numerical examples are given to illustrate the model.

with One Warehouse and N Symmetric Retailers This paper examines “distribution policies ” — that is, combined system inventoryreplenishment, vehicle routing and inventory-allocation policies — designed to minimize total expected purchasing and inventory-management (i.e., inventory

In multi-item inventory with very large number of items in retail sale stores, purchase dependency in demand amongst the items can be described by association rules mined from sale transaction data. With the knowledge of association rules, inventory replenishment policy can be designed which