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Title: Retail Supply Chain Inter-Store Transhipment Evaluation: The Simulation Study
Authors: Watanarawee, Kasina 
Baramichai, Manisra 
Issue Date: 2010
Publisher: University of the Thai Chamber of Commerce
University of the Thai Chamber of Commerce
Source: Kasina Watanarawee, Manisra Baramichai (2010) Retail Supply Chain Inter-Store Transhipment Evaluation: The Simulation Study. UTCC Engineering Research Papers.
Journal: UTCC Engineering Research Papers
Abstract: This study examines the operational performance of retail supply chain management by developing a continuous review model with inter-store transhipment. This study is seeking to improve the replenishment process and reduce total inventory costs by modelling the inter-store transhipment of multi-items at two store-level retailers. We are highlighting the importance of these models in cost control, customer service, and financial performance as well. The inter-store transhipment model developing in this study focus on near-optimal solutions for the retailer to synchronize a real-time consumer demand with inventory systems, while considering transportation costs, holding cost and shortage as key parameters. This model is designed with Monte Carlo simulation with fitted demand distributions uses the derived from the historical data from the one of real retailer in Thailand.
ISSN: 1906-1625
Rights: This work is protected by copyright. Reproduction or distribution of the work in any format is prohibited without written permission of the copyright owner.
Appears in Collections:EN: Journal Articles

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