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《Journal of Beijing Jiaotong University(Social Sciences Edition)》 2008-04
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Coordinating Contract for Vender Managed Inventory

ZHANG Ju-liang,WANG Yao-qiu(School of Economics and Management,Beijing Jiaotong University,Beijing 100044,China)  
Up to now,many firms adopt vender managed inventory(VMI) to mitigate information distortion and Bullup effect.In this paper,we show that there are still incentive conflict and double marginal effect in VMI.On one hand,the retailer expects that the supplier stocks more products to increase the service level.On the other hand,the supplier does not want to stock more products because of the lost of unsold products.This paper studies the cooperation and coordination problem in VMI and proposes some coordinated contracts for VMI under stochastic demand.
【Fund】: 国家自然科学基金资助项目(70302003 70671100);; 北京交通大学科技基金资助项目(2007RC014)
【CateGory Index】: F253.4
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