An optimal lateral transshipment model between two retailers under the centralized inventory system for slow-moving items | |
| Author | Pitchaporn Yochana |
| Call Number | AIT Thesis no.ISE-21-04 |
| Subject(s) | Inventory control Transshipment 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 | Supply chain management becomes very significant in highly competitive market in order to maintain a satisfactory customer service level. Utilizing an appropriate inventory strategy is crucial for the archive of any supply chain in cases of supply chain improvement. One strategy is named a lateral transshipment which allows the transportation of inventory between locations at the same stage of a supply chain. In this research, the focus aims to develop the mathematical models for the emergency lateral transshipment model between two retailers where the retailers follow compound Poisson demand under the centralized inventory system, specifically for slow-moving items. The developed mathematical model was applied to determine the optimal retailer's order quantity of both retailers and the cycle length such that the expected total inventory cost of the whole system is minimized. Numerical experiments and sensitivity analyses are conducted in order to analyze the effect on the optimal solutions when the model's base input parameters change. |
| 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 |