A joint economic-lot-size model for purchaser and vendor in fuzzy sense

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A Joint Economic-lot-size Model for Purchaser and Vendor

In a typical purchasing situation, the issues of price, lot sizing, etc, usually are settled through negotiations between the purchaser and the vendor. Depending on the existing balance of power, the end result of such a bargaining process may be a near-optimal or optimal ordering policy for one of the parties (placing the other in a position of significant disadvantage) or, sometimes, inoptima...

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In this paper, an inventory model for two-stage supply chain is investigated. A supply chain with single vendor and single buyer is considered. We assume that shortage as a backorder is allowed for the buyer and the vendor makes the production set up every time the buyer places an order and supplies on a lot for lot basis. With these assumptions, the joint economic lot size model is introduced ...

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ژورنال

عنوان ژورنال: Computers & Mathematics with Applications

سال: 2005

ISSN: 0898-1221

DOI: 10.1016/j.camwa.2004.10.050