Journal article
A coordinated order-up-to inventory control policy for a single supplier and multiple buyers using electronic data interchange
International journal of production economics, v 35(1-3), pp 85-91
01 Jun 1994
Featured in Collection : UN Sustainable Development Goals @ Drexel
Abstract
One way to reduce inventory related costs is to shorten the time lag in communication and shipment. Electronic data interchange (EDI) is a potential tool that can help achieve this. An analytical model based on a common cycle time approach is developed for inventory control under stochastic conditions for a vendor and multiple buyers dealing with a single product. The coordination implied by such an approach is facilitated by EDI. An iterative algorithm for calculating the operating parameters is presented. It is shown that implementation of the model can be economically desirable to all parties involved.
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Details
- Title
- A coordinated order-up-to inventory control policy for a single supplier and multiple buyers using electronic data interchange
- Creators
- Avijit Banerjee - Drexel UniversitySnehamay Banerjee - Drexel University
- Publication Details
- International journal of production economics, v 35(1-3), pp 85-91
- Publisher
- Elsevier Sequoia S.A
- Resource Type
- Journal article
- Language
- English
- Academic Unit
- Decision Sciences (and Management Information Systems)
- Web of Science ID
- WOS:A1994NZ26500012
- Scopus ID
- 2-s2.0-0028443964
- Other Identifier
- 991019173563804721
UN Sustainable Development Goals (SDGs)
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InCites Highlights
Data related to this publication, from InCites Benchmarking & Analytics tool:
- Web of Science research areas
- Engineering, Industrial
- Engineering, Manufacturing
- Operations Research & Management Science