Title :
Co-Ordinative Stock Management System for Permissible Storage in VMI Pattern
Author :
Wang Xin ; Liang Yan
Author_Institution :
Dept. of Mech. Eng., Univ. of Sci. & Technol. Beijing, Beijing, China
Abstract :
This paper focuses on the establishment of storage management models for permissible shortage and comparison between stock management systems with and without shortage. Through the comparison a relevant optimization strategy is brought up. Furthermore, this paper reveals that the supply chain system could run more efficiently with an establishment of a permissible shortage model in VMI pattern under certain conditions, especially when storage cost is higher than shortage cost.
Keywords :
optimisation; stock control; VMI pattern; coordinative stock management system; optimization strategy; permissible storage; storage management models; supply chain system; Biological system modeling; Cost function; Inventory management; Supply chains;
Conference_Titel :
Logistics Engineering and Intelligent Transportation Systems (LEITS), 2010 International Conference on
Conference_Location :
Wuhan
Print_ISBN :
978-1-4244-8776-9
Electronic_ISBN :
978-1-4244-8778-3
DOI :
10.1109/LEITS.2010.5664949
