A single supplier-single retailer system with an order-up-to level inventory policy
OPERATIONS RESEARCH LETTERS, vol.36, no.5, pp.543-546, 2008 (SCI-Expanded, Scopus)
- Publication Type: Article / Article
- Volume: 36 Issue: 5
- Publication Date: 2008
- Doi Number: 10.1016/j.orl.2008.05.005
- Journal Name: OPERATIONS RESEARCH LETTERS
- Journal Indexes: Science Citation Index Expanded (SCI-EXPANDED), Scopus
- Page Numbers: pp.543-546
- Keywords: Lot-sizing, Order-up-to level inventory policy, Dynamic programming, MODEL
- Middle East Technical University Northern Cyprus Campus Affiliated: Yes
Abstract
We consider a two-level vendor-managed system in which external demand occurs only at a retailer and a supplier replenishes the retailer employing an order-up-to S policy over T periods. We present an O(T-3) algorithm to coordinate the system when S is known. We also show that S can be optimized in O(aT(3)) time for an input parameter a. (c) 2008 Elsevier B.V. All rights reserved.