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On time delivery model with vendor inventory liability period in assembly system with random demand time
GUAN Xu, MA Shi-hua, YING Dan-feng
Systems Engineering - Theory & Practice ›› 2013, Vol. 33 ›› Issue (9) : 2220-2228.
PDF(671 KB)
PDF(671 KB)
On time delivery model with vendor inventory liability period in assembly system with random demand time
Under VMI policy, manufacturer can use vendor inventory liability period to mitigate the risk caused by an uncertain demand time. This paper investigates the suppliers' optimal delivery times and manufacturer's vendor inventory liability period respectively in a decentralized assembly system setting. Building a basic model with a single supplier and an extend model consisted by multi-suppliers, the optimal choices for both parties have been figured out by both mathematical justification and sequential procedure. The results show that it is not wise for manufacturer to set a too long liability period, and the unsynchronized deliveries among suppliers can heavily hurt supply chain performance. Additionally, we provide the coordination mechanism and numerical example.
assembly system / inventory liability period / on-time delivery / coordination {{custom_keyword}} /
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