University of Twente Student Theses
A Mathematical Model for a Single-Retailer, Single-Vendor, Multi-Item Vendor Management Inventory for the Export Business of Jacobs Douwe Egberts
Nonhof, Lisa (2024) A Mathematical Model for a Single-Retailer, Single-Vendor, Multi-Item Vendor Management Inventory for the Export Business of Jacobs Douwe Egberts.
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| Abstract: | The export operations of JDE faced inefficiencies in partner order profiles characterized by high order frequency but relatively low volumes, resulting in non-full pallet orders, underutilized transport, and elevated warehouse and distribution costs. This study seeks to optimize these costs by improving partner order frequency and volume through the design of an effective order strategy. Employing a single vendor, single retailer, multi item vendor management inventory model, this research aims to minimize total warehouse and distribution expenses while accounting for stochastic demand using chance constraint programming. The model offers insight into optimal order frequency, volume for each item, and transportation modes. Results indicate that implementing VMI can indeed reduce overall costs; however, success heavily relies on effective information sharing between the vendor and the retailer. |
| Item Type: | Essay (Master) |
| Faculty: | BMS: Behavioural, Management and Social Sciences |
| Programme: | Industrial Engineering and Management MSc (60029) |
| Link to this item: | https://purl.utwente.nl/essays/98645 |
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