Sharif Digital Repository

Vendor-managed inventory (VMI) is a popular policy in supply chain management (SCM) to decrease bullwhip effect. Since the transportation cost plays an important role in VMI and because the demands are often fuzzy, this paper develops a VMI model in a multi-retailer single-vendor SCM under the consignment stock policy. The aim is to find optimal retailers' order quantities so that the total inventory and transportation cost are minimized while several constraints are satisfied. Because of the NP-hardness of the problem, an algorithm based on particle swarm optimization (PSO) is proposed to find a near optimum solution, where the centroid defuzzification method is employed for... 

Supply Chain (SC) coordination, quality requirements, and environmental issues are the main areas of interest within the field of inventory management. Few studies have integrated these concepts into an inventory problem despite its overwhelming necessity. In this direction, this paper deals with a vendor-buyer SC under the Vendor-Managed Inventory with Consignment Stock (VMI-CS) agreement. According to the agreement, the vendor bears the buyer's financial holding cost in return for the storage of products in the buyer's warehouse. Further, each shipment involves a random fraction of repairable items, which need to be withdrawn from the inventory system. Unlike the existing literature, when...