A comprehensive extension of an integrated inventory model with ordering cost reduction and permissible delay in payments
نویسندگان
چکیده
منابع مشابه
A comprehensive extension of an integrated inventory model with ordering cost reduction and permissible delay in payments
Huang (2010) [1] proposed an integrated inventory model with trade credit financing in which the vendor decides its production lot size while the buyer determines its expenditure tominimize the annual integrated total cost for both the vendor and the buyer. In this paper, we extend his integrated supply chain model to reflect the following four facts: (1) generated sales revenue is deposited in...
متن کاملAn Inventory Model for Obsolescence Items with Consideration of Permissible Delay in Payments (Case Study of Obsolete Medicines in Pharmacies)
Background and Objectives: In the real world, the obsolescence items are some items that lose their value over time due to the emergence of new technology. Because of rapid changes in technology, inventory management of such items is considered in recent years. Moreover, suppliers try to encourage the retailers for purchasing an item before it is outmoded with some policies suc...
متن کاملAn Integrated Supplier-Buyer Inventory Model with Conditionally Free Shipment under Permissible Delay in Payments
and Applied Analysis 3 Table 1: Comparison between the papers discussing integrated inventory model with a trade credit. Author s Demand rate Production rate Production/purchase cost Freight rate Wholesale price Abad and Jaggi 39 Retail price sensitive Constant Constant — Constant Jaber and Osman 40 Constant — — — Constant Yang and Wee 41 Retail price sensitive — Constant — Constant Sheen and T...
متن کاملA single-vendor and a single-buyer integrated inventory model with ordering cost reduction dependent on lead time
Lead time is one of the major limits that affect planning at every stage of the supply chain system. In this paper, we study a continuous review inventory model. This paper investigates the ordering cost reductions are dependent on lead time. This study addressed two-echelon supply chain problem consisting of a single vendor and a single buyer. The main contribution of this study is that the in...
متن کاملInventory Model with Cash Flow Oriented and Time-dependent Holding Cost under Permissible Delay in Payments
This study develops an inventory model for determining an optimal ordering policy for non-deteriorating items and time-dependent holding cost with delayed payments permitted by the supplier under inflation and time-discounting. The discounted cash flows approach is applied to study the problem analysis. Mathematical models have been derived under two different situations i.e. case I: The permis...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: Applied Mathematical Modelling
سال: 2013
ISSN: 0307-904X
DOI: 10.1016/j.apm.2012.09.074