학술논문

Two-way information exchange in two-level supply chain
Document Type
Conference
Source
2012 3rd International Conference on System Science, Engineering Design and Manufacturing Informatization System Science, Engineering Design and Manufacturing Informatization (ICSEM), 2012 3rd International Conference on. 2:92-95 Oct, 2012
Subject
Communication, Networking and Broadcast Technologies
Computing and Processing
Components, Circuits, Devices and Systems
Supply chains
Organizations
Availability
Industrial engineering
Educational institutions
Information management
Supply Chain Management
Information Management
State-dependent 2-level Base-Stock Policy
2-way Information Exchange
Language
Abstract
The objective of the present study is to model and analyzing a two-level supply chain with reverse information exchange in which the manufacturer and the retailer are aware of the status of each other's stocks. To take advantages of this method of information exchange, manufacturers and retailers change their stock policies from traditional base-stock policy to a state-dependent two-level base-stock policy. Then, they change their ordering policy according to the other side's stock availability. Applying the mentioned method reduces the total cost of system as well as decreasing the average amount of manufacturer's inventory and improving the waiting time of walk-in customers.