Investment in improved inventory accuracy in a decentralized supply chain

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dc.authorid0000-0002-1216-3072
dc.authorid0000-0003-3851-6232
dc.contributor.authorUçkun, Cananen_US
dc.contributor.authorKaraesmen, Ahmet Fikrien_US
dc.contributor.authorSavaş, Selçuken_US
dc.date.accessioned2015-01-15T23:01:06Z
dc.date.available2015-01-15T23:01:06Z
dc.date.issued2008-06
dc.departmentIşık Üniversitesi, Mühendislik Fakültesi, Endüstri Mühendisliği Bölümüen_US
dc.departmentIşık University, Faculty of Engineering, Department of Industrial Engineeringen_US
dc.description.abstractIt is known that inaccurate inventory records can lead to profit losses in a supply chain. Inventory records may not be correct due to various reasons such as transaction errors, misplacement, shrinkage, etc. In order to eliminate inventory inaccuracy, companies may invest in new information technologies such as radio frequency identification (RFID). In this paper, we consider a supply chain consisting of a retailer (distributor) and a supplier. We assume a single-period newsvendor-type setting where the retailer purchases the items from the supplier and distributes them to the regional warehouses. The paper focuses on the problem of finding the optimal investment levels that maximize profit by decreasing inventory inaccuracy. The optimal level of investment is examined both for the centralized and the decentralized systems under two scenarios: inventory sharing between the warehouses is allowed and not allowed. The coordination problem is also considered for both scenarios. Finally, several extensions of the model are considered: asymmetric warehouse parameters, demand and inventory inaccuracy correlation and imperfect RFID implementation.en_US
dc.description.versionPublisher's Versionen_US
dc.identifier.citationUçkun, C., Karaesmen, A. F. & Savaş, S. (2008). Investment in improved inventory accuracy in a decentralized supply chain. International Journal of Production Economics, 113(2), 546-566. doi:10.1016/j.ijpe.2007.10.012en_US
dc.identifier.doi10.1016/j.ijpe.2007.10.012
dc.identifier.endpage566
dc.identifier.issn0925-5273
dc.identifier.issn1873-7579
dc.identifier.issue2
dc.identifier.scopus2-s2.0-43549126626
dc.identifier.scopusqualityQ1
dc.identifier.startpage546
dc.identifier.urihttps://hdl.handle.net/11729/292
dc.identifier.urihttp://dx.doi.org/10.1016/j.ijpe.2007.10.012
dc.identifier.volume113
dc.identifier.wosWOS:000256933200005
dc.identifier.wosqualityQ1
dc.indekslendigikaynakWeb of Scienceen_US
dc.indekslendigikaynakScopusen_US
dc.indekslendigikaynakScience Citation Index Expanded (SCI-EXPANDED)en_US
dc.indekslendigikaynakSocial Sciences Citation Index (SSCI)en_US
dc.institutionauthorSavaş, Selçuken_US
dc.language.isoenen_US
dc.peerreviewedYesen_US
dc.publicationstatusPublisheden_US
dc.publisherElsevier Science BVen_US
dc.relation.ispartofInternational Journal of Production Economicsen_US
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanıen_US
dc.rightsinfo:eu-repo/semantics/closedAccessen_US
dc.subjectInventory Inaccuracyen_US
dc.subjectIT investmenten_US
dc.subjectInventory managementen_US
dc.subjectSupply Chain Coordinationen_US
dc.subjectRadio Frequency Identificationen_US
dc.subjectError analysisen_US
dc.subjectInformation technologyen_US
dc.subjectRadio frequency identification (RFID)en_US
dc.subjectSupply chain managementen_US
dc.subjectWarehousesen_US
dc.subjectAsymmetric warehouse parametersen_US
dc.subjectInventory inaccuracy correlationen_US
dc.subjectInventory controlen_US
dc.titleInvestment in improved inventory accuracy in a decentralized supply chainen_US
dc.typeArticleen_US
dspace.entity.typePublication

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