An integrated supplier-buyer inventory model with conditionally free shipment under permissible delay in payments
type: Item
instance of: scholarly article
title: An integrated supplier-buyer inventory model with conditionally free shipment under permissible delay in payments
zbMATH Open document ID: 1195.90009
DOI: 10.1155/2010/594246
author: Chia-Hsien Su
published in: Abstract and Applied Analysis
publication date: 2010-09-27T00:00:00Z
full work available at URL: https://eudml.org/doc/230003
review text: Summary: It is well known that production, distribution, marketing, inventory control, and financing all/each have a positive impact on the performance of a supply chain. Despite the growing interest in the development of integrated inventory models, the interactions between these elements of a supply chain may not be efficiently included, resulting in a restricted supply chain model presentation. To incorporate this phenomenon, a mathematical model that tackles the interdependent relationships between these aforementioned elements is developed in this paper. This study considers the determination of the optimal pricing, ordering, and delivery policies of a profit-maximizing supply chain system, faced with (1) unit wholesale price of the supplier is set based on unit production cost, (2) unit production cost is taken as a function of demand rate and production rate, (3) the supplier's production rate is adjusted according to market demand, (4) market demand depends upon buyer's selling price, (5) a free freight is offered if the buyer's order exceeds a certain minimum requirement, and (6) a constant credit period is offered by the supplier to stimulate the demand of the buyer. Algorithm for computing the optimal policies is derived. The sensitivity of the optimal results with respect to those parameters which directly influence the production and transportation costs is also examined.
Mathematics Subject Classification ID: 90B05
zbMATH DE Number: 5791631
MaRDI profile type: Publication
Wikidata QID: Q58649880
OpenAlex ID: W2170713381
cites work: A production lot size inventory model for deteriorating items and arbitrary production and demand rates
cites work: The production-inventory problem of a product with time varying demand, production and deterioration rates
cites work: Deterministic inventory models for variable production
cites work: Joint determination of production quantity, inspection schedule, and quality control for an imperfect process with deteriorating products
cites work: Optimal design of unreliable production--inventory systems with variable production rate
cites work: Economic lot scheduling with uncontrolled co-production
cites work: An EOQ model with quantity discounts for both purchasing price and freight cost
cites work: Joint price and lot size determination under conditions of permissible delay in payments and quantity discounts for freight cost
cites work: Optimal inventory policies with two modes of freight transportation
cites work: Economic Order Quantity under Conditions of Permissible Delay in Payments
cites work: Ordering Policies of Deteriorating Items under Permissible Delay in Payments
cites work: An ordering policy for deteriorating items with allowable shortage and permissible delay in payment
cites work: An inventory model for deteriorating items with partial backlogging and permissible delay in payments
cites work: On the economic order quantity under conditions of permissible delay in payments
cites work: The effect of capital lockup and customer trade credits on the optimal lot size -- a confirmation of the EPQ.
cites work: An EOQ model for deteriorating items under supplier credits linked to ordering quantity
cites work: Q3415682
cites work: A collaborative inventory system with permissible delay in payment for deteriorating items
cites work: Integrated vendor-buyer cooperative inventory models with variant permissible delay in payments
cites work: RETAILER'S INVENTORY POLICY AND SUPPLIER'S DELIVERY POLICY UNDER TWO-LEVEL TRADE CREDIT STRATEGY
cites work: Optimal pricing, shipment and payment policy for an integrated supplier-buyer inventory model with two-part trade credit
description: scientific article; zbMATH DE number 5791631