Preservation technology investment, trade credit and partial backordering model for a non-instantaneous deteriorating inventory
نویسندگان
چکیده
In a perfectly transparent and competitive market, suppliers must provide pricing service for their customers. The aim of this study is to an insight into how preservation technology credit financing could be used both reduce the deterioration rate as well flexible retailers. methodology optimize cycle length, selling price, amount using inventory theory. result derived optimal total profit per unit time system. Finally, MATLAB 2017a, it shown graphically that function concave. sensitivity analysis illustrated Lingo 17. not only provides insights business managers in making wise managerial decisions, also enables them weigh pro con implementing financing.
منابع مشابه
Inventory Model for Non – Instantaneous Deteriorating Items, Stock Dependent Demand, Partial Backlogging, and Inflation over a Finite Time Horizon
In the present study, the Economic Order Quantity (EOQ) model of two-warehouse deals with non-instantaneous deteriorating items, the demand rate considered as stock dependent and model affected by inflation under the pattern of time value of money over a finite planning horizon. Shortages are allowed and partially backordered depending on the waiting time for the next replenishment. The main ob...
متن کاملINVENTORY MODEL FOR DETERIORATING ITEMS WITH REVENUE SHARING ON PRESERVATION TECHNOLOGY INVESTMENT UNDER PRICE SENSITIVE STOCK DEPENDENT DEMAND
The objective of this research is to tackle the emerging problem of jointly determining theoptimal retail price, the replenishment cycle, and the cost of preservation technology investment from an integrated perspective among the supplier and the manufacturer. This paper deals an integrated single-manufacturer single-retailer supply chain model for deteriorating items under revenue sharing on p...
متن کاملAn EOQ model for non-instantaneous deteriorating items with two levels of storage under trade credit policy
A deterministic inventory model with two levels of storage (own warehouse and rented warehouse) with non-instantaneous deteriorating items is studied. The supplier offers the retailer a trade credit period to settle the amount. Different scenarios based on the deterioration and the trade credit period have been considered. In this article, we have framed two models considering single warehouse ...
متن کاملOptimal pricing and replenishment policies for instantaneous deteriorating items with backlogging and trade credit under inflation
In this paper we develop an economic order quantity model to investigate the optimal replenishment policies for instantaneous deteriorating items under inflation and trade credit. Demand rate is a linear function of selling price and decreases negative exponentially with time over a finite planning horizon. Shortages are allowed and partially backlogged. Under these conditions, we model the ret...
متن کاملDeveloping EOQ model with instantaneous deteriorating items for a Vendor-Managed Inventory (VMI) system
This paper studies the economic-order-quantity model (EOQ) for deteriorating items in two cases (with and without shortages) to evaluate how vendor managed inventory (VMI) affects supply chain. We consider two-level supply chain (single supplier and a single retailer) with one instantaneous deteriorating item. A numerical example and sensitivity analysis are provided to illustrate the effect of...
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: Rairo-operations Research
سال: 2021
ISSN: ['1290-3868', '0399-0559']
DOI: https://doi.org/10.1051/ro/2019095