Supply chain model with stochastic lead time, trade-credit financing, and transportation discounts
type: Item
instance of: scholarly article
title: Supply chain model with stochastic lead time, trade-credit financing, and transportation discounts
zbMATH Open document ID: 1426.90048
DOI: 10.1155/2017/6465912
author: Yanyan Li
published in: Mathematical Problems in Engineering
publication date: 2018-11-05T00:00:00Z
review text: Summary: This model extends a two-echelon supply chain model by considering the trade-credit policy, transportations discount to make a coordination mechanism between transportation discounts, trade-credit financing, number of shipments, quality improvement of products, and reduced setup cost in such a way that the total cost of the whole system can be reduced, where the supplier offers trade-credit-period to the buyer. For buyer, the backorder rate is considered as variable. There are two investments to reduce setup cost and to improve quality of products. The model assumes lead time-dependent backorder rate, where the lead time is stochastic in nature. By using the trade-credit policy, the model gives how the credit-period would be determined to achieve the win-win outcome. An iterative algorithm is designed to obtain the global optimum results. Numerical example and sensitivity analysis are given to illustrate the model.
Mathematics Subject Classification ID: 90B06
Mathematics Subject Classification ID: 90B05
zbMATH DE Number: 6972340
Wikidata QID: Q59147689
MaRDI profile type: Publication
full work available at URL: https://doi.org/10.1155/2017/6465912
OpenAlex ID: W2616834742
cites work: Q4682217
cites work: Investing in Reduced Setups in the EOQ Model
cites work: Lead time and ordering cost reductions in continuous review inventory systems with partial backorders
cites work: Integrated vendor-buyer cooperative inventory models with controllable lead time and ordering cost reduction
cites work: Controllable lead time, service level constraint, and transportation discounts in a continuous review inventory model
cites work: An integrated inventory model under conditions of order processing cost reduction and permissible delay in payments
cites work: An EOQ model with delay in payments and stock dependent demand in the presence of imperfect production
cites work: Effect of unequal lot sizes, variable setup cost, and carbon emission cost in a supply chain model
cites work: Production and shipment lot sizing in a vendor--buyer supply chain with transportation cost
cites work: The integrated inventory model with the transportation cost and two-level trade credit in supply chain management
cites work: Quality improvement, setup cost and lead-time reductions in lot size reorder point models with an imperfect production process
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: On the economic order quantity under conditions of permissible delay in payments
cites work: Q4804508
cites work: An integrated inventory model with variable lead time, defective units and delay in payments
cites work: Supply chain coordination with variable backorder, inspections, and discount policy for fixed lifetime products
cites work: Economic design of an inventory policy for non-instantaneous deteriorating items under permissible delay in payments
cites work: Optimal reorder point inventory models with variable lead time and backorder discount considerations
cites work: Computational algorithmic procedure for optimal inventory policy involving ordering cost reduction and back-order discounts when lead time demand is controllable
cites work: Mixture Inventory Model with Backorders and Lost Sales for Variable Lead Time
cites work: Optimal Lot Sizing, Process Quality Improvement and Setup Cost Reduction
cites work: Integrated vendor-buyer supply chain model with Vendor's setup cost reduction
Recommended article: Q4669313
Recommended article: Modeling and analysis for determining optimal suppliers under stochastic lead times
Recommended article: Production rate and lot-size dependent lead time reduction strategies in a supply chain model with stochastic demand, controllable setup cost and trade-credit financing
Recommended article: An inventory model with finite-range stochastic lead times
Recommended article: Inventory management under date-terms supplier trade credit with stochastic demand and leadtime
Recommended article: Q4431068
Recommended article: Supply chain model with price- and trade credit-sensitive demand under two-level permissible delay in payments
Recommended article: Stochastic supply chain, transportation models: implementations and benefits
Recommended article: Developing a coordinated vendor-buyer model in two-stage supply chains with stochastic lead-times
Recommended article: Understanding the lead-time effects in stochastic inventory systems with discounted costs
description: scientific article; zbMATH DE number 6972340