Imperfect reworking process consideration in integrated inventory model under permissible delay in payments
type: Item
instance of: scholarly article
title: Imperfect reworking process consideration in integrated inventory model under permissible delay in payments
zbMATH Open document ID: 1151.90315
DOI: 10.1155/2008/386252
author: Ming-Cheng Lo
author: Ming-Feng Yang
published in: Mathematical Problems in Engineering
publication date: 2008-11-24T00:00:00Z
full work available at URL: https://eudml.org/doc/54837
review text: Summary: This study develops an improved inventory model to help the enterprises to advance their profit increasing and cost reduction in a single vendor single-buyer environment with general demand curve, adjustable production rate, and imperfect reworking process under permissible delay in payments. For advancing practical use in a real world, we are concerned with the following strategy determining, which includes the buyer's optimal selling price, order quantity, and the number of shipments per production run from the vendor to the buyer. An algorithm and numerical analysis are used to illustrate the solution procedure.
Mathematics Subject Classification ID: 90B05
Mathematics Subject Classification ID: 91B38
Mathematics Subject Classification ID: 91B60
zbMATH DE Number: 5372480
Wikidata QID: Q58646172
MaRDI profile type: Publication
OpenAlex ID: W1969252474
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description: scientific article; zbMATH DE number 5372480