| Article ID: | iaor1995435 |
| Country: | Netherlands |
| Volume: | 35 |
| Start Page Number: | 215 |
| End Page Number: | 222 |
| Publication Date: | Jun 1994 |
| Journal: | International Journal of Production Economics |
| Authors: | Banerjee A., Burton J.S. |
| Keywords: | simulation: applications |
Through a series of simulation experiments the authors show that classical lot sizing models do not adequately describe a situation where a single vendor produces and supplies a product to multiple industrial customers, buying in discrete lots. They suggest a common replenishment cycle based, coordinated inventory control model and show that this approach is superior to independent optimization.