A novel cross-docking EOQ-based model to optimize a multi-item multi-supplier multi-retailer inventory management system

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dc.authoridTirkolaee, Erfan Babaee/0000-0003-1664-9210
dc.authorwosidTirkolaee, Erfan Babaee/U-3676-2017
dc.contributor.authorKhakbaz, Amir
dc.contributor.authorAlfares, Hesham K.
dc.contributor.authorAmirteimoori, Arash
dc.contributor.authorTirkolaee, Erfan Babaee
dc.date.accessioned2024-05-19T14:42:51Z
dc.date.available2024-05-19T14:42:51Z
dc.date.issued2024
dc.departmentİstinye Üniversitesien_US
dc.description.abstractNowadays, the retail industry accounts for a large share of the world's economy. Cross-docking is one of the most effective and smart inventory management systems used by retail companies to respond to demands efficiently. In this study, the aim is to develop a novel cross-docking EOQ-based model for a retail company. By considering a two-stage inventory procurement process, a new multi-item, multi-supplier, multi-retailer EOQ model is developed to minimize the total inventory costs. In the first stage, the required items are received from suppliers and are held in a central warehouse. In the second stage, these items are delivered to several retail stores. The total inventory costs include four main parts, i.e., holding costs at the central warehouse, holding costs at the retail stores, fixed ordering costs from the suppliers, and fixed ordering costs from the central warehouse. The optimal inventory policy is obtained by analyzing extrema, and a numerical example is used to confirm the efficiency of the proposed model. Based on the obtained results, it is evident that the proposed model produces the optimal policy for the cross-docking system. Furthermore, the model enables managers to analyze the effects of key factors on the costs of the system. Based on the obtained results, the annual demand of each retailer, the ordering cost by the central warehouse, the ordering cost at each retail store, and the holding cost at each retail store have a direct impact on the optimal cost. Furthermore, it is not possible to describe the effects of the holding cost at the central warehouse on the optimal cost of the system generally.en_US
dc.description.sponsorshipScientific and Technological Research Council of Turkiye (TUB ITAK)en_US
dc.description.sponsorshipOpen access funding provided by the Scientific and Technological Research Council of Turkiye (TUB ITAK). The author did not receive any funding from any organization.en_US
dc.identifier.doi10.1007/s10479-023-05790-9
dc.identifier.issn0254-5330
dc.identifier.issn1572-9338
dc.identifier.scopus2-s2.0-85182675389en_US
dc.identifier.scopusqualityQ1en_US
dc.identifier.urihttps://doi.org10.1007/s10479-023-05790-9
dc.identifier.urihttps://hdl.handle.net/20.500.12713/5293
dc.identifier.wosWOS:001143886700004en_US
dc.identifier.wosqualityN/Aen_US
dc.indekslendigikaynakWeb of Scienceen_US
dc.indekslendigikaynakScopusen_US
dc.language.isoenen_US
dc.publisherSpringeren_US
dc.relation.ispartofAnnals of Operations Researchen_US
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanıen_US
dc.rightsinfo:eu-repo/semantics/openAccessen_US
dc.snmz20240519_kaen_US
dc.subjectInventory Managementen_US
dc.subjectCross-Docking Systemen_US
dc.subjectRetail Industryen_US
dc.subjectMulti-Item Multi-Supplier Multi-Retailer Eoqen_US
dc.subjectCentral Warehouseen_US
dc.titleA novel cross-docking EOQ-based model to optimize a multi-item multi-supplier multi-retailer inventory management systemen_US
dc.typeArticleen_US

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