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Effective Inventory System for Decreasing Stockout Time at Discountstore  

장진익 (충청대학 산업정보과)
김원중 (아주대학교 산업정보시스템공학과)
Publication Information
Journal of Korean Society of Industrial and Systems Engineering / v.25, no.4, 2002 , pp. 16-21 More about this Journal
Abstract
This paper refer to the trade-off between delivery frequency and amount between supplier and discountstores. Discountstores prefer frequent delivery of small amount because of limited storage space, while suppliers prefer less frequent delivery of large amount in order to save transportation cost In this paper we propose a heuristic algorithm to determine the amount of order and the delivery frequency which decreases the expected length of stockout. We also evaluate various order policies for vendor managed inventory system using simulation with real data.
Keywords
discountstore; delivery; stockout; inventory system;
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