Optimal Inventory Policy Involving Ordering Cost Reduction, Back-Order Discounts, and Variable Lead Time Demand by Minimax Criterion
نویسندگان
چکیده
منابع مشابه
Optimal Inventory Policy Involving Ordering Cost Reduction, Back-Order Discounts, and Variable Lead Time Demand by Minimax Criterion
This paper allows the backorder rate as a control variable to widen applications of a continuous review inventory model. Moreover, we also consider the backorder rate that is proposed by combining Ouyang and Chuang 2001 or Lee 2005 with Pan and Hsiao 2001 to present a new form. Thus, the backorder rate is dependent on the amount of shortages and backorder price discounts. Besides, we also treat...
متن کاملOptimal Relief Order Quantity under Stochastic Demand and Lead-time
In this paper, a newsboy model is developed under uniformly distributed lead-time and demand that is an appropriate assumption in obtaining optimal relief inventory of humanitarian disasters. It is noteworthy that limited historical data are in hand on relief operations. Hence, analytical and approximate solutions for optimal relief order quantity were derived. The effect of lead-time uncertai...
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 کاملOptimal ordering and pricing policy with supplier quantity discounts and price-dependent stochastic demand
Optimal ordering and pricing policy with supplier quantity discounts and price-dependent stochastic demand Jianmai Shi a b , Guoqing Zhang b & Kin Keung Lai c a School of Information System and Management, National University of Defense Technology, Changsha, Hunan, China b Department of Industrial and Manufacturing Systems Engineering, University of Windsor, Windsor ON, Canada c Department of M...
متن کاملOptimal replenishment and credit policy in supply chain inventory model under two levels of trade credit with time- and credit-sensitive demand involving default risk
Traditional supply chain inventory modes with trade credit usually only assumed that the up-stream suppliers offered the down-stream retailers a fixed credit period. However, in practice the retailers will also provide a credit period to customers to promote the market competition. In this paper, we formulate an optimal supply chain inventory model under two levels of trade credit policy with d...
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: Mathematical Problems in Engineering
سال: 2009
ISSN: 1024-123X,1563-5147
DOI: 10.1155/2009/928932