Lot size decisions for vendor-buyer system with quantity discount, partial backorder, and stochastic demand
type: Item
instance of: scholarly article
title: Lot size decisions for vendor-buyer system with quantity discount, partial backorder, and stochastic demand
zbMATH Open document ID: 1302.90013
DOI: 10.1155/2014/597626
author: Wakhid Ahmad Jauhari
published in: Advances in Operations Research
publication date: 2014-11-17T00:00:00Z
review text: Summary: This paper presents production-inventory model for two-echelon system consisting of single vendor and single buyer. The proposed model contributes to the current inventory literature by incorporating quantity discount scheme into stochastic vendor-buyer model. Almost all vendor-buyer inventory models have discussed this scheme in single-echelon system and deterministic demand situation. Here, we assume that the demand of the buyer is normally distributed and the unmet demand is considered to be partially backordered. In addition, the lead time is variable and consists of production time and nonproductive time. The quantity discount is developed by using all-units quantity discounts. Finally, an iterative procedure is proposed to obtain all decision variables and numerical examples are provided to show the application of the proposed procedure.
Mathematics Subject Classification ID: 90B05
Mathematics Subject Classification ID: 90B30
zbMATH DE Number: 6370023
Wikidata QID: Q59047889
MaRDI profile type: Publication
full work available at URL: https://doi.org/10.1155/2014/597626
OpenAlex ID: W2072776368
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DBLP publication ID: journals/advor/Jauhari14
description: scientific article; zbMATH DE number 6370023