A computer simulation model for analysing performance of inventory policy in multi-product mode in two-echelon supply chain. Issue 1 (9th December 2010)

• Record Type: Journal Article
• Authors: Azadeh, Ali; Allahverdiloo, M.; Shirkouhi, Salman Nazari
• Is Part Of: International journal of logistics systems and management. Volume 8:Issue 1(2011)
• Page Start: 66
• Page End: 85
• Publication Date: 2010-12-09
• Subjects: two-echelon supply chains -- SCM -- supply chain management -- inventory management -- multi-product modes -- computer simulations -- performance analysis -- inventories -- retailers -- retailing -- retail trade -- capacitated suppliers -- inventory policies -- economic order quantity -- EOQ -- periodic order quantity -- period order quantity -- POQ -- Silver-Meal heuristics -- part-period balancing -- PPB -- no information sharing -- order information sharing -- demand information sharing -- logistics systems -- logistics management; Business logistics -- Periodicals; 658.5005
• Languages: English
• ISSNs: 1742-7967

Abstract

In this paper, a simulation model is presented for analysing performance of inventory policy in multi-product mode in two-echelon supply chain including four retailers and one capacitated supplier. The inventory policies include: Economic Order Quantity (EOQ), Periodic Order Quantity (POQ), Silver-Meal (SM), and Part-Period Balancing (PPB). The results also show that sharing planned order information (OIS) is better than sharing only demand information (DIS), which, in turn, is better than No Information Sharing (NIS), for all inventory policies used by the retailers.