Simulation of Quantity-based VMI Consolidation Replenishment

摘要

In this paper we present a quantity-based model for integrated inventory replenishment and shipment consolidation decisions under vendor managed inventory.Assuming the vendor uses a special reorder point,order-up-to level,or (s,S) policy for inventory control and adopts a quantity-based dispatching strategy under stochastic settings,we build its simulation model.By simulating in Arena tool,the impact that different replenishment size and maximum inventory have on the long run verage total cost is analyzed in a numerical experiment.