| Author | Deng, Linxuan |
| Call Number | AIT Thesis no.ISE-24-03 |
| Subject(s) | Inventory control--Mathematical models
|
| 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 dynamic realm of supply chain management,Vendor Managed Inventory (VMI) systems are pivotal for synchronizing stock levels amidst unpredictable demand. This study delves into a VMI model operating under a base-stock level approach, coordinating between a sole supplier and dual retailers, and contending with variable demands that are contingent on multiple factors. The cornerstone of this research is the formulation of a mathematical model that ascertains the most efficient ordering cycle length, a crucial element for the seamless flow of inventory and an essential metric for the enhancement of supply chain management. The fundamental goal of the model is to determine the most favorable ordering period that corresponds with the retailers' erratic demand fluctuations, while guaranteeing the aggregate expenses of the supply chain are minimized, preserving service excellence. A detailed sensitivity analysis is also a cornerstone of this study, providing a thorough analysis of how various supply chain parameters, such as lead times and cost components, influence the optimal cycle length. The outcomes of this analysis offer strategic insights, and illustrate how slight perturbations in input parameters can affect the cost-efficiency. |
| Year | 2024 |
| Type | Thesis |
| School | School of Engineering and Technology |
| Department | Department of Industrial Systems Engineering (DISE) |
| Academic Program/FoS | Industrial and Manufacturing Engineering (IME) |
| Chairperson(s) | Huynh, Trung Luong; |
| Examination Committee(s) | Mongkol Ekpanyapong;Bora, Tanujjai; |
| Scholarship Donor(s) | AIT Scholarships; |
| Degree | Thesis (M. Eng.) - Asian Institute of Technology, 2024 |