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Construction and Application of the Game Model Based on VMI for H Company

Author: TanPeiHong
Tutor: CaoJianXin;ChaiHongQuan
School: South China University of Technology
Course: Industrial Engineering
Keywords: Vendor Managed Inventory (VMI) Materials Game Theory Benefit EOQ Model
CLC: F253.4
Type: Master's thesis
Year: 2011
Downloads: 45
Quote: 0
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Abstract


With global manufacturing intensifying competition led to corporate profit margins shrinking, more and more enterprises are concerned about the reduction in the cost of raw materials inventory in order to improve the company's competitiveness. As a result, vendor managed inventory (VMI) raw materials inventory management theory emerged. Due to the company's own operating conditions vary, based on the actual situation of each enterprise, the guarantee does not affect day-to-day operations of the case, adjust the raw materials inventory management strategies to effectively reduce the corporate cost of raw materials inventory, enhance living space, to maintain its development has important theoretical and practical significance. In this paper, the status quo of domestic and foreign vendor managed inventory (VMI), game theory research, build learn from research at home and abroad on the basis of this research ideas. Problems and decisions affect suppliers and manufacturers material inventory costs through cooperative game theory theory combined with vendor managed inventory (VMI), all factors, respectively, to tease out the economic benefits of the suppliers, manufacturers function, and build a multi-parameter openness vendor managed inventory game model, the argumentation build vendor-managed inventory (VMI) game the feasibility of the implementation of the model in actual enterprise, at the same time for the enterprise implementation of vendor managed inventory (VMI) provide a reference. This paper selects H sample for the study, a full analysis of the economic benefits of H Company and its suppliers to implement vendor-managed inventory (VMI) before and after the change, the relevant data extracted from H Company and its suppliers and import supplier management stock game model to prove the effectiveness of the implementation of vendor managed inventory (VMI) game model to demonstrate the feasibility of the implementation of vendor managed inventory (VMI) game model between H and its suppliers. We build the game model of vendor managed inventory, H Company C project validation that build vendor-managed inventory (VMI) Game validity of the model, manufacturers and suppliers in the implementation of vendor managed inventory, manufacturers can effectively reduce - Supplier system inventory costs. The game model of vendor managed inventory build cooperation between parameters help to guide manufacturers and suppliers to help promote manufacturers and suppliers to implement the management of vendor-managed inventory (VMI), successful implementation of vendor managed inventory model rate.

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CLC: > Economic > Economic planning and management > Material economic > Supplies business and management > Management of inventory reserves and transporting
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