The cooperation strategy followed by the buyer and vendor results is an overall effect on the saving percentage along with the impact of inventory costs such as holding cost, fixed and linear backorder cost. This paper deals with buyer vendor incentive inventory model with fixed lifetime product with fixed and linear back order cost. A distinguishing feature of this model is that both fixed and...

A Vendor-Managed Inventory (VMI) supply chain is modeled using discrete-event simulation. The supply chain consists of a supplier (vendor) with a manufacturing facility and a distribution center, and a customer (retailer) with a distribution center and an outlet store. The information shared between the retailer and the vendor is subject to error and delays. The impacts of sharing erroneous dat...

This paper develops Fuzzy inventory model to determine the relevant profit maximizing decision variable values. The model proposed is based on individual profits of vendor and buyer and joint total profit of them which finds out optimal ordering quantity, selling price and shipment policies. Shortages are allowed for both of them. Production rate, ordering quantity, shortage and holding cost of...

In this paper, we study demand disruption in service supply chain with a client and a vendor. We find the positive demand disruption worse off the double marginalization under wholesale contracts. To address the challenge, we propose a two-part tariff contract under which, the client pays the vendor a fixed fee besides the wholesale price if the service rate was met. The results show the channe...

Information systems research continues to pay increasing attention to online customer retention. Drawing on the relationship marketing literature, this study formulates and tests a theoretical model to explain B2C ecommerce consumer repurchase intention from the perspective of relationship quality. The model was empirically tested through a large-scale survey conducted in Northern Ireland. The ...

We consider a simple market where a vendor offers multiple variants of a certain product. Preferences of the vendor and of potential buyers are heterogeneous and often antagonistic. Optimization of the joint benefit of the vendor and the buyers turns the toy market into a combinatorial matching problem. We compare optimal solutions found with and without a matchmaker, examine the resulting ineq...

This study develops a joint optimal inventory strategy for both the buyer and the vendor when the expired stocks have salvage value, and are subject to constant rate of deterioration. It is shown numerically that the joint approach results in a significant cost reduction when compared with an individual decision by the buyer. We also observed that although the joint total cost decreases, the bu...

This paper provides an overview of commercially available Model Predictive Control (MPC) technology, based primarily on data provided by MPC vendors. A brief history of industrial MPC technology is presented rst, followed by results of our vendor survey of MPC control and identiication technology. A general MPC control algorithm is presented, and approaches taken by each vendor for the diierent...

This research examines how the portfolio of IT vendor offerings relates to consumer perceptions of vendor quality. Specifically, we examine how the degree of hardware, software, and services technologies—which we refer to collectively as the IT products-services stack—are related to vendor quality ratings. We test our model using over 28,000 IT vendor ratings given by top IT executives between ...

This paper investigates a fuzzy multi-objective vendor selection program under lean procurement based on cost minimization, delivery schedule violation minimization, and maximizing the quality level of the purchased quantity. Specifically, the paper incorporates the vendor production capacity uncertainty into the model to identify an appropriate selection policy for vendors under practical oper...