Retailer’s Lot-sizing Policy under Two Warehouses and Two Levels of Delay Permitted Using Algebraic Method
نویسندگان
چکیده
The main purpose of this paper is to modify Huang’s model [13] by considering two warehouses. In addition, we try to use algebraic method to determine the optimal lot-sizing policy for the retailer under two warehouses and two levels of delay permitted. This paper provides this algebraic approach that could be used easily to introduce the basic inventory theories to younger students who lack the knowledge of calculus. Furthermore, we develop three easy-to-use theorems to efficiently determine the optimal cycle time and optimal lot sizing for the retailer. As a result, we deduce some previously published results of other researchers as special cases. Finally, a numerical example is given to illustrate these theorems obtained in this paper. In addition, we obtain a lot of managerial insights from this numerical example.
منابع مشابه
Retailer’s EOQ Model with Limited Storage Space Under Partially Permissible Delay in Payments
The main purpose of this paper wants to investigate the optimal retailer’s lot-sizing policy with two warehouses under partially permissible delay in payments within the economic order quantity (EOQ) framework. In this paper, we want to extend that fully permissible delay in payments to the supplier would offer the retailer partially permissible delay in payments. That is, the retailer must mak...
متن کاملRetailer’s Economic Ordering Quantity under Partial Payments Delay: an Algebraic Approach
The main purpose of this paper is to investigate the optimal retailer’s lot-sizing decisions under partial payments delay within the economic order quantity (EOQ) framework. All previously published models concerned with payments delay assumed that the supplier would offer the retailer fully payments delay. However, in this paper, we assume that the supplier would offer the retailer partial pay...
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 کاملMultiobjective Sourcing and Lot Sizing of Drug with Considering Multi-Sourcing and Lateral Transshipment in Stochastic Conditions with Simulation Optimization Method
In this paper, the issue of integrated supplier selection and inventory policy for a drug distribution company with multiple warehouses is examined. In this research, warehouses are faced with stochastic demand and inventory of their medicines is provided by one or more suppliers that are located in a given set of candidates with price, quality and characteristics of the disruption. In addition...
متن کاملRetailer’s Replenishment Policy Under Supplier Credit Linked to Payment Time
In this paper, we investigate the problem of determining a retailer’s optimal cycle time and the optimal payment policy when supplier offers partially or fully permissible delay in payment linking to payment time. The retailer can obtain the larger fraction of the delay payment permitted by the supplier when the retailer chooses the shorter delayed payment period. The supplier uses this policy ...
متن کامل