Development of single vendor-two retailers inventory models under order-up-to level policy with VMI | |
| Author | Sandar, Shune Lae |
| Call Number | AIT Thesis no.ISE-21-16 |
| Subject(s) | Inventory control--Management 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 | In the competitive business era, it is vital to save the system wide cost of SC and improving service level by utilizing appropriate inventory policies. In this research, VMI models with one vendor and two retailers under order-up-to level policy were focused. Two mathematical models were developed to deal with the case when demand is deterministic and no backorder is allowed, and the case when demand is stochastic and backorder and lost sales are considered. Those models were developed under periodic review policy to determine optimal order quantities and replenishment cycle time that can decrease the total cost. Then, numerical experiments and sensitivity analyses were conducted to analyze the applicability of the proposed models and to show the effects on optimal solution when changing of model’s input parameters. Finally, conclusions and recommendations 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 |