A single supplier–single retailer system with an order-up-to level inventory policy

A single supplier–single retailer system with an order-up-to level inventory policy

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Article ID: iaor20102880
Volume: 36
Issue: 5
Start Page Number: 543
End Page Number: 546
Publication Date: Sep 2008
Journal: Operations Research Letters
Authors: ,
Keywords: inventory: order policies
Abstract:

We consider a two-level vendor-managed system in which external demand occurs only at a retailer and a supplier replenishes the retailer employing an order-up-to S policy over T periods. We present an O(T3) algorithm to coordinate the system when S is known. We also show that S can be optimized in O(aT3) time for an input parameter a.

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