Three-echelon inventory model with permissible delay in payments under controllable lead time and backorder consideration
type: Item
instance of: scholarly article
title: Three-echelon inventory model with permissible delay in payments under controllable lead time and backorder consideration
zbMATH Open document ID: 1407.90042
DOI: 10.1155/2014/809149
author: Wei-Chung Tseng
author: Ming-Feng Yang
published in: Mathematical Problems in Engineering
publication date: 2019-02-08T00:00:00Z
review text: Summary: This paper proposes a three-echelon inventory model with permissible delay in payments under controllable lead time and backorder consideration to find out the suitable inventory policy to enhance profit of the supply chain. In today's highly competitive market, the supply chain management has become a critical issue in both practice and academic and supply chain members have to cooperate with each other to bring more benefits. In addition, the inventory policy is a key factor to influence the performance of the supply chain. Therefore, in this paper, we develop a three-echelon inventory model with permissible delay in payments under controllable lead time and backorder consideration. Furthermore, the purpose of this paper is to maximize the joint expect total profit on inventory model and attempt to discuss the inventory policy under different conditions. Finally, with a numerical example provided here to illustrate the solution procedure, we may discover that decision-makers can control lead time and payment time to enhance the performance of the supply chain.
Mathematics Subject Classification ID: 90B05
Mathematics Subject Classification ID: 90B06
zbMATH DE Number: 7017314
Wikidata QID: Q59069450
MaRDI profile type: Publication
full work available at URL: https://doi.org/10.1155/2014/809149
OpenAlex ID: W1971697638
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description: scientific article; zbMATH DE number 7017314