Paper Title:
Inventory Management of Medical Equipment Vendors under the Uncertain Demand
  Abstract

The remarkable interest in the supply chain management related research in the last decade has been due to its potential to improve the efficiency of operations and reduce cost. Vendor managed inventory is an integrated approach for market patricians coordination according to which the vendor decides on the appropriate inventory levels within bounds. The coordination problem for a two stage supply chain composed of a medical equipment supplier and a retailer is considered in this paper. The inventory management of medical equipment vendors under the uncertain demand is analysis and the model is designed, the variables of shortage cost and inventories cost are derived on the two cases with the demand fluctuations and the results are also discussed.

  Info
Periodical
Advanced Materials Research (Volumes 225-226)
Edited by
Helen Zhang, Gang Shen and David Jin
Pages
1129-1132
DOI
10.4028/www.scientific.net/AMR.225-226.1129
Citation
L. Shi, X. Ma, "Inventory Management of Medical Equipment Vendors under the Uncertain Demand", Advanced Materials Research, Vols. 225-226, pp. 1129-1132, 2011
Online since
April 2011
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