An operational consignment stock policy under normally distributed demand with controllable lead time and buyer’s space limitation

References

• Angira, R., and B. V. Babu. 2006. “Optimization of Process Synthesis and Design Problems: A Modified Differential Evolution Approach.” Chemical Engineering Science 61 (14): 4707–4721.10.1016/j.ces.2006.03.004
   Web of Science ®Google Scholar
• Battini, D., A. Grassi, A. Persona, and F. Sgarbossa. 2010. “Consignment Stock Inventory Policy: Methodological Framework and Model.” International Journal of Production Research 48 (7): 2055–2079.10.1080/00207540802570669
   Web of Science ®Google Scholar
• Battini, D., A. Gunasekaran, M. Faccio, A. Persona, and F. Sgarbossa. 2010. “Consignment Stock Inventory Model in an Integrated Supply Chain.” International Journal of Production Research 48 (2): 477–500.10.1080/00207540903174981
   Web of Science ®Google Scholar
• Bolen, W. H. 1988. Contemporary Retailing. 3rd ed. Upper Saddle River, NJ: Prentice Hall.
   Google Scholar
• Braglia, M., and L. Zavanella. 2003. “Modelling an Industrial Strategy for Inventory Management in Supply Chains: The ‘Consignment Stock’ Case.” International Journal of Production Research 41 (16): 3793–3808.10.1080/0020754031000138330
   Web of Science ®Google Scholar
• Chen, J. M., I. C. Lin, and H. L. Cheng. 2010. “Channel Coordination Under Consignment and Vendor-managed Inventory in a Distribution System.” Transportation Research Part E: Logistics and Transportation Review 46 (6): 831–843.10.1016/j.tre.2010.05.007
   Web of Science ®Google Scholar
• Corbett, C. J. 2001. “Stochastic Inventory Systems in a Supply Chain with Asymmetric Information: Cycle Stocks, Safety Stocks, and Consignment Stock.” Operations Research 49 (4): 487–500.10.1287/opre.49.4.487.11223
   Web of Science ®Google Scholar
• Coughlan, A. T., E. Anderson, L. W. Stern, and A. I. El-Ansary. 2001. Marketing Channels. 6th ed. Upper Saddle River, NJ: Prentice Hall.
   Google Scholar
• Gerchak, Y., and Y. Wang. 2004. “Revenue-sharing vs. Wholesale-price Contracts in Assembly Systems with Random Demand.” Production and Operations Management 13 (1): 23–33.
   Web of Science ®Google Scholar
• Gümüş, M., E. M. Jewkes, and J. H. Bookbinder. 2008. “Impact of Consignment Inventory and Vendor-managed Inventory for a Two-party Supply Chain.” International Journal of Production Economics 113 (2): 502–517.10.1016/j.ijpe.2007.10.019
   Web of Science ®Google Scholar
• Hill, R. M. 1997. “The Single-vendor Single-buyer Integrated Production-inventory Model with a Generalised Policy.” European Journal of Operational Research 97 (3): 493–499.10.1016/S0377-2217(96)00267-6
   Web of Science ®Google Scholar
• Hill, R. M. 1999. “The Optimal Production and Shipment Policy for the Single-vendor Singlebuyer Integrated Production-inventory Problem.” International Journal of Production Research 37 (11): 2463–2475.10.1080/002075499190617
   Web of Science ®Google Scholar
• Hill, R. M., and M. Omar. 2006. “Another Look at the Single-vendor Single-buyer Integrated Production-inventory Problem.” International Journal of Production Research 44 (4): 791–800.10.1080/00207540500334285
   Web of Science ®Google Scholar
• Hooke, R., and T. A. Jeeves. 1961. “‘Direct Search’ Solution of Numerical and Statistical Problems.” Journal of the ACM 8 (2): 212–229.10.1145/321062.321069
   Google Scholar
• Huang, Q. Y., and J. F. Chen. 2009. “A Note on ‘Modelling an Industrial Strategy for Inventory Management in Supply Chains: the “Consignment Stock” Case’.” International Journal of Production Research 47 (22): 6469–6475.10.1080/00207540802275863
   Web of Science ®Google Scholar
• Iwasaki, N., K. Yasuda, and G. Ueno. 2006. “Dynamic Parameter Tuning of Particle Swarm Optimization.” IEEJ Transactions 1 (4): 353–363.
   Google Scholar
• Lee, W., and S. P. Wang. 2008. “Managing Level of Consigned Inventory with Buyer’s Warehouse Capacity Constraint.” Production Planning & Control 19 (7): 677–685.10.1080/09537280802573627
   Web of Science ®Google Scholar
• Liao, T. W. 2010. “Two Hybrid Differential Evolution Algorithms for Engineering Design Optimization.” Applied Soft Computing 10 (4): 1188–1199.10.1016/j.asoc.2010.05.007
   Web of Science ®Google Scholar
• Mahdavi, M., M. Fesanghary, and E. Damangir. 2007. “An Improved Harmony Search Algorithm for Solving Optimization Problems.” Applied Mathematics and Computation 188 (2): 1567–1579.10.1016/j.amc.2006.11.033
   Web of Science ®Google Scholar
• Micheau, V. A. 2005. “How Boeing and Alcoa Implemented a Successful Vendor Managed Inventory Program.” The Journal of Business Forecasting 24 (1): 17–19.
   Google Scholar
• Ong, H. L., B. W. Ang, T. N. Goh, and C. C. Deng. 1996. “A Model for Vending Machine Services in the Soft Drink Industry.” Asia-Pacific Journal of Operational Research 13 (2): 209–224.
   Web of Science ®Google Scholar
• Persona, A., A. Grassi, and M. Catena. 2005. “Consignment Stock of Inventories in the Presence of Obsolescence.” International Journal of Production Research 43 (23): 4969–4988.10.1080/00207540500216631
   Web of Science ®Google Scholar
• Piplani, R., and S. Viswanathan. 2003. “A Model for Evaluating Supplier-owned Inventory Strategy.” International Journal of Production Economics 81–82 (SI): 565–571.10.1016/S0925-5273(02)00298-0
   Web of Science ®Google Scholar
• Sarker, B. R. 2014. “Consignment Stock Policy Models for Supply Chain Systems: A Critical Review and Comparative Perspectives.” International Journal of Production Economics. Accessed December 2, 2013. http://dx.doi.org/10.1016/j.ijpe.2013.11.005
   Web of Science ®Google Scholar
• Srinivas, C., and C. S. P. Rao. 2010. “Optimization of Supply Chains for Single-vendor–multibuyer Consignment Stock Policy with Genetic Algorithm.” The International Journal of Advanced Manufacturing Technology 48 (1–4): 407–420.10.1007/s00170-009-2286-2
   Web of Science ®Google Scholar
• Turcsik, R. 2002. “Efficiency on Consignment.” Progressive Grocer 81 (2): 29–31.
   Google Scholar
• Valentini, G., and L. Zavanella. 2003. “The Consignment Stock of Inventories: Industrial Case and Performance Analysis.” International Journal of Production Economics 81–82 (1): 215–224.10.1016/S0925-5273(02)00300-6
   Web of Science ®Google Scholar
• Wang, Y. 2006. “Joint Pricing-production Decisions in Supply Chains of Complementary Products with Uncertain Demand.” Operations Research 54 (6): 1110–1127.10.1287/opre.1060.0326
   Web of Science ®Google Scholar
• Yi, H. Z., and B. R. Sarker. 2013a. “An Optimal Consignment Stock Production and Replenishment Policy with Controllable Lead Time.” International Journal of Production Research 51 (21): 6316–6335.10.1080/00207543.2013.795668
   Web of Science ®Google Scholar
• Yi, H. Z., and B. R. Sarker. 2013b. “An Operational Policy for an Integrated Inventory System Under Consignment Stock Policy with Controllable Lead Time and Buyers’ Space Limitation.” Computers & Operations Research 40 (11): 2632–2645.10.1016/j.cor.2013.05.001
   Web of Science ®Google Scholar
• Yi, H. Z., Q. Duan, and T. W. Liao. 2013. “Three Improved Hybrid Metaheuristic Algorithms for Engineering Design Optimization.” Applied Soft Computing 13 (5): 2433–2444.10.1016/j.asoc.2012.12.004
   Web of Science ®Google Scholar
• Yu, J., B. R. Sarker, Q. Duan, and B. Q. Wu. 2012. “Single-manufacturer, Multi-retailer Consignment Policy for Retailers’ Generalized Demand Distributions.” Journal of the Operational Research Society 63 (12): 1708–1719.10.1057/jors.2012.13
   Web of Science ®Google Scholar
• Zanoni, S., and R. W. Grubbstrom. 2004. “A Note on an Industrial Strategy for Stock Management in Supply Chains: Modelling and Performance Evaluation.” International Journal of Production Research 42 (20): 4421–4426.10.1080/0020754042000264581
   Web of Science ®Google Scholar
• Zavanella, L., and S. Zanoni. 2009. “A One-vendor Multi-buyer Integrated Production-inventory Model: The ‘Consignment Stock’ Case.” International Journal of Production Economics 118 (1): 225–232.10.1016/j.ijpe.2008.08.044
   Web of Science ®Google Scholar
• Zhao, X., and F. Wu. 2011. “Coordination of Agri-food Chain with Revenue-Sharing Contract under Stochastic Output and Stochastic Demand.” Asia – Pacific Journal of Operational Research 28 (4): 487–510.
   Web of Science ®Google Scholar