A single supplier–single retailer system with an order-up-to level inventory policy |
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Authors: | Ouz Solyal Haldun Süral |
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Institution: | aDepartment of Industrial Engineering, Middle East Technical University, Ankara, Turkey |
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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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Keywords: | Lot-sizing Order-up-to level inventory policy Dynamic programming |
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