Inventory Replenishment Model for Perishable Products in Two-Level Supply Chain

Author

Shen, Dongjie ; Lai, Kin Keung ; Liang, Liang

Author_Institution

Dept. of Manage. Sci., City Univ. of Hong Kong, Hong Kong, China

fYear

2009

fDate

24-26 July 2009

Firstpage

396

Lastpage

400

Abstract

The collaborative forecasting model is introduced into the inventory replenishment strategies of the supplier and the retailer. And the inventory model of two-level supply chain is constructed in our study. This two-level supply chain is consisted of one supplier and multiple retailers. We analyze the inventory replenishment model that maximizes the total profits of the whole supply chain, with respect to the price discount and out of stock for the supplier and the retailers, when the demand and the lead time are both stochastic.

Keywords

inventory management; profitability; retailing; supply chains; collaborative forecasting model; inventory replenishment model; perishable products; profit maximization; retailing; two-level supply chain; Conference management; Costs; Demand forecasting; Engineering management; Financial management; Inventory management; Predictive models; Supply chain management; Supply chains; Technology management; Inventory replenishment; perishable products; supply chain;

fLanguage

English

Publisher

ieee

Conference_Titel

Business Intelligence and Financial Engineering, 2009. BIFE '09. International Conference on

Conference_Location

Beijing

Print_ISBN

978-0-7695-3705-4

Type

conf

DOI

10.1109/BIFE.2009.97

Filename

5208858