CONSIGNMENT INVENTORY SIMULATION MODEL FOR SINGLE VENDOR-MULTI BUYERS IN A SUPPLY CHAIN
Journal: International Journal of Advanced Research in Engineering and Technology (IJARET) (Vol.10, No. 2)Publication Date: 2019-03-16
Authors : CHIDURALA SRINIVAS;
Page : 341-349
Keywords : Consignment stock; Delay delivery; Information sharing;
- CONSIGNMENT INVENTORY SIMULATION MODEL FOR SINGLE VENDOR-MULTI BUYERS IN A SUPPLY CHAIN
- CONSIGNMENT INVENTORY SIMULATION MODEL FOR SINGLE VENDOR- MULTI BUYERS
- STRATEGIES OF DELAY DELIVERY AND CONTROLLABLE LEAD TIME IN SUPPLY CHAIN CONSIGNMENT INVENTORY
- STRATEGIES OF DELAY DELIVERY AND CONTROLLABLE LEAD TIME TO OPTIMIZE THE TOTAL COST IN SUPPLY CHAIN CONSIGNMENT INVENTORY
- Multi-objective Genetic algorithm optimization in Inventory model for deteriorating items with shortages using Supply Chain management
Abstract
The focus on the studies of supply chain management has been increasing in recent years among academics as well as practitioners. In this paper, we present an extendable multi agent supply chain simulation model for consignment stock inventory model for a single vendor - multiple buyers. The simulation study dealt the quantitative measures of performance of consignment stock model with respect to number of shipments, delay deliveries, number of shipments shifted due to partial information sharing, average inventory levels of buyer and vendor and joint total economic cost (JTEC) as key performance parameters. Flexsim V3.0 a discrete event simulation software is used for simulating the model.
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