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Vendor managed inventory on Two echelon inventory system with optimum accelerated lead time and component commonality
Hidayat Y.A.a, Simatupang T.a, Sebrinaa, Ariansyah M.N.b, Sembada W.J.a
a Department of Industrial Engineering, Institut Teknologi Bandung, Bandung, Indonesia
b Department of Industrial Engineering, Telkom University, Bandung, Indonesia
[vc_row][vc_column][vc_row_inner][vc_column_inner][vc_separator css=”.vc_custom_1624529070653{padding-top: 30px !important;padding-bottom: 30px !important;}”][/vc_column_inner][/vc_row_inner][vc_row_inner layout=”boxed”][vc_column_inner width=”3/4″ css=”.vc_custom_1624695412187{border-right-width: 1px !important;border-right-color: #dddddd !important;border-right-style: solid !important;border-radius: 1px !important;}”][vc_empty_space][megatron_heading title=”Abstract” size=”size-sm” text_align=”text-left”][vc_column_text]© 2017 IEEE.We proposes a model to manage VMI supply chain which has multi items product with certain commonality degree where it facilitates buyer to control the lead time. We present a solution technique to solve VMI supply chain problems by comparing lead time as a parameter and lead time as a decision variable that is possible to be accelerated. Before lead time acceleration is considered, the optimal solutions are obtained simultaneously. On the other sides, we have developed an algorithm for finding solutions when lead time acceleration is allowed. This proposed model is suitable for an organization which implements continuous review on its inventory policy. It can be implemented when the market is monopolistic because back-ordered is allowed and buyer is willing to delay demand fulfilment in order to reduce holding cost.[/vc_column_text][vc_empty_space][vc_separator css=”.vc_custom_1624528584150{padding-top: 25px !important;padding-bottom: 25px !important;}”][vc_empty_space][megatron_heading title=”Author keywords” size=”size-sm” text_align=”text-left”][vc_column_text]Component commonality,Crashing cost,Decision variables,Inventory policies,Leadtime,Solution techniques,Two-echelon inventory,Vendor managed Inventory[/vc_column_text][vc_empty_space][vc_separator css=”.vc_custom_1624528584150{padding-top: 25px !important;padding-bottom: 25px !important;}”][vc_empty_space][megatron_heading title=”Indexed keywords” size=”size-sm” text_align=”text-left”][vc_column_text]component commonality,crashing costs,lead time acceleration,VMI[/vc_column_text][vc_empty_space][vc_separator css=”.vc_custom_1624528584150{padding-top: 25px !important;padding-bottom: 25px !important;}”][vc_empty_space][megatron_heading title=”Funding details” size=”size-sm” text_align=”text-left”][vc_column_text]This research was partially supported by 2017 P3MI Research Grant of Industrial Systems and Techno Economics Research Group, Faculty of Industrial Technology, Institut Teknologi Bandung, Indonesia.[/vc_column_text][vc_empty_space][vc_separator css=”.vc_custom_1624528584150{padding-top: 25px !important;padding-bottom: 25px !important;}”][vc_empty_space][megatron_heading title=”DOI” size=”size-sm” text_align=”text-left”][vc_column_text]https://doi.org/10.1109/IEEM.2017.8290119[/vc_column_text][/vc_column_inner][vc_column_inner width=”1/4″][vc_column_text]Widget Plumx[/vc_column_text][/vc_column_inner][/vc_row_inner][/vc_column][/vc_row][vc_row][vc_column][vc_separator css=”.vc_custom_1624528584150{padding-top: 25px !important;padding-bottom: 25px !important;}”][/vc_column][/vc_row]