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Single-manufacturer, multi-retailer consignment policy for retailers’ generalized demand distributions / J. Yu in Journal of the operational research society (JORS), Vol. 63 N° 12 (Décembre 2012) 

Public ISBD [article]  in Journal of the operational research society (JORS) > Vol. 63 N° 12 (Décembre 2012) . - pp. 1708–1719 Titre : Single-manufacturer, multi-retailer consignment policy for retailers’ generalized demand distributions Type de document : texte imprimé Auteurs : J. Yu, Auteur ; Sarker, B. R., Auteur ; Q. Duan, Auteur Année de publication : 2013 Article en page(s) : pp. 1708–1719 Note générale : operational research Langues : Anglais (eng) Mots-clés : consignment  and  traditional  policies;  stochastic  demand;  supply  chain  coordination Index. décimale : 001.424 Résumé : Consignment policy (CP) is a novel approach to the inventory management in supply chains. It is based on strong interaction and reliable collaboration between vendor(s) and buyer(s), which is acquiring growing importance in today's industrial reality. Unlike most literature focusing on single-vendor single-buyer models and deterministic customer demand, a single-manufacturer (vendor) multi-retailer (buyer) generic model is developed under stochastic customer demand in this study. In order to understand the potential benefits of CP, it is compared with a traditional policy (TP) model developed in the similar approach. The models are tested with two scenarios of uniform and exponential demand distributions of the retailers. The results show how CP works better than the traditional uncoordinated optimization. It not only helps the manufacturer to generate higher profit, but also coordinates retailers to achieve a higher supply chain profit. At the same time, each retailer earns at least as much as they do in TP. Further price discount sensitivity analysis demonstrates the efficiency of CP when facing price-demand fluctuation. DEWEY : 001.424 ISSN : 0160-5682 En ligne : http://www.palgrave-journals.com/jors/journal/v63/n12/abs/jors201213a.html [article] Single-manufacturer, multi-retailer consignment policy for retailers’ generalized demand distributions [texte imprimé] / J. Yu, Auteur ; Sarker, B. R., Auteur ; Q. Duan, Auteur . - 2013 . - pp. 1708–1719. operational research Langues : Anglais (eng) in Journal of the operational research society (JORS) > Vol. 63 N° 12 (Décembre 2012) . - pp. 1708–1719 Mots-clés : consignment  and  traditional  policies;  stochastic  demand;  supply  chain  coordination Index. décimale : 001.424 Résumé : Consignment policy (CP) is a novel approach to the inventory management in supply chains. It is based on strong interaction and reliable collaboration between vendor(s) and buyer(s), which is acquiring growing importance in today's industrial reality. Unlike most literature focusing on single-vendor single-buyer models and deterministic customer demand, a single-manufacturer (vendor) multi-retailer (buyer) generic model is developed under stochastic customer demand in this study. In order to understand the potential benefits of CP, it is compared with a traditional policy (TP) model developed in the similar approach. The models are tested with two scenarios of uniform and exponential demand distributions of the retailers. The results show how CP works better than the traditional uncoordinated optimization. It not only helps the manufacturer to generate higher profit, but also coordinates retailers to achieve a higher supply chain profit. At the same time, each retailer earns at least as much as they do in TP. Further price discount sensitivity analysis demonstrates the efficiency of CP when facing price-demand fluctuation. DEWEY : 001.424 ISSN : 0160-5682 En ligne : http://www.palgrave-journals.com/jors/journal/v63/n12/abs/jors201213a.html