Optimizing two-echelon supply chain under vendor-managed inventory for a deteriorating product | |
| Author | Phamumas Sojithamporn |
| Call Number | AIT Thesis no.ISE-21-03 |
| Subject(s) | Inventory control Supply chain management |
| Note | A thesis submitted in partial fulfillment of the requirements for the degree of Master of Engineering in Industrial and Manufacturing Engineering |
| Publisher | Asian Institute of Technology |
| Abstract | Vendor Managed Inventory (VMI) is an outstanding method which helps to boost efficiency of supply chain and improve cooperation between members in the supply chain. This research work focuses on developing an inventory model of one vendor and multiple retailers under VMI for deteriorating products. The considered deteriorating product, such as fruits or vegetables, perishes at a constant rate. The demand distribution is supposed to be linearly dependent on retail price. Also, shortage with full backlogging is considered in this inventory model. This study aims to optimize the total cost of the whole system by deriving the optimal replenishment cycle of the product and the point in time that the inventory is zero at the retailers. After developing the inventory model, numerical experiments are provided to demonstrate the applicability of the model. Sensitivity analyses are also performed to illustrate the impact of all input parameters on optimal solutions and total cost. Last but not least, future research directions are presented. |
| Year | 2021 |
| Type | Thesis |
| School | School of Engineering and Technology (SET) |
| Department | Department of Industrial Systems Engineering (DISE) |
| Academic Program/FoS | Industrial Systems Engineering (ISE) |
| Chairperson(s) | Huynh Trung Luong |
| Examination Committee(s) | Pisut Koomsap;Mongkol Ekpanyapong |
| Scholarship Donor(s) | His Majesty the King's Scholarships (Thailand) |
| Degree | Thesis (M. Eng.) - Asian Institute of Technology, 2021 |