Academic Journal

Analysis of a Serial Supply Network Operating Under VMI Policy with Stochastic Replenishment Times and External Demand.

Λεπτομέρειες βιβλιογραφικής εγγραφής
Τίτλος: Analysis of a Serial Supply Network Operating Under VMI Policy with Stochastic Replenishment Times and External Demand.
Συγγραφείς: Varlas, Georgios1 (AUTHOR), Koukoumialos, Stelios2 (AUTHOR), Diamantidis, Alexandros3 (AUTHOR), Vidalis, Michael1 (AUTHOR), Ioannidis, Evangelos2,3 (AUTHOR) ioannide@econ.auth.gr
Πηγή: Mathematics (2227-7390). May2026, Vol. 14 Issue 5, p1696. 35p.
Θεματικοί όροι: *Vendor-managed inventory, *Matrix analytic methods, *Economic demand, *Supply chains, *Poisson distribution, *Matrix exponential
Περίληψη: An algorithm based on matrix analytic methods for the exact numerical performance evaluation of a two-echelon vendor-managed inventory system with lost sales is presented in this paper. Both supply and demand uncertainties are taken into consideration. Lead times are modeled using a phase-type (Coxian) distribution with two phases, while the stochastic nature of external demand is captured with a compound Poisson distribution comprised of a pure Poisson arrival process and a discrete empirical distribution for the demand of individual customers. A computer program based on the algorithm is developed and then it is used for an extensive numerical investigation with a view to obtain insights of possible managerial importance. [ABSTRACT FROM AUTHOR]
Βάση Δεδομένων: Academic Search Index
Περιγραφή
ISSN:22277390
DOI:10.3390/math14101696