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Chinese Journal of Management Science ›› 2014, Vol. 22 ›› Issue (8): 72-79.

• Articles • Previous Articles     Next Articles

Cluster Supply Chain Replenishment Model and Algorithm with Credit Option

LIU Chun-ling1,2, XIAO Wei-chun1, LI Ji-zi1, CAO Xiao-gang2, HUANG Chun-hui2   

  1. 1. Research Center of Supply Chain System, Wuhan University of Texitle, Wuhan 430073, China;
    2. School of Management, Huazhong University of Science and Technology, Wuhan 430070, China
  • Received:2012-05-07 Revised:2012-12-14 Online:2014-08-20 Published:2014-08-23

Abstract: Cluster supply chain is a system operating on the platform of industrial cluster. In this paper, a multi-vendor multi-buyer decentralized replenishment model is explored based on the single-vendor single-buyer model at first. Then by incorporating the policy of flexible ordering intervals and credit option, a multi-vendor multi-buyer joint replenishment model is proposed with credit option which will meet the purchasing features of high frequency, small batch, flexibility and dependence nicely in the cluster supply chain, and the corresponding enumeration algorithm is provided. Lastly, by numerical analyses, the efficiency of the joint replenishment is rerified. According to the sensitive analyses, how holding cost and ordering intervals affect the optimal delayed payment period as well as the cost is also studied.

Key words: cluster supply chain, industrial cluster, joint replenishment, credit option, algorithm

CLC Number: