The single-vendor single-buyer integrated production inventory system has been an object of study for a long time, but little is known about the effect of investing in reducing ordering cost on the integrated inventory models with backorder price discount and variable lead time. The purpose of this article is to investigate in the continuous review model with backorder price discount and variab...

in paper (2004) chang studied an inventory model under a situation in which the supplier provides the purchaser with a permissible delay of payments if the purchaser orders a large quantity. tripathi (2011) also studied an inventory model with time dependent demand rate under which the supplier provides the purchaser with a permissible delay in payments. this paper is motivated by chang (2004) ...

 This study presents an inventory model for deteriorating items with linearly time-dependent demand rate under trade credits. Mathematical models have been derived under four different situations i.e. Case 1 : The cycle time T is greater than or equal to M1, to get a cash discount, Case 2 : The cycle time T is less than M1, Case 3 : The cycle time is greater than or equal to M2, and Case 4 : T...

Revenue management is the process of actively managing inventory or capacity to maximize revenues. The active management typically occurs through managerial levers such as price, promotion or availability. We present a novel real options approach to revenue management that is specifically suited to the car rental business. We illustrate the concept with actual car rental data. The model produce...

in this research, an integrated inventory problem is formulated for a single-vendor multiple-retailer supply chain that works according to the vendor managed inventory policy. the model is derived based on the economic order quantity in which shortages with penalty costs at the retailers` level is permitted. as predicting customer demand is the most important problem in inventory systems and th...

the purpose of this article is to investigate a two-echelon supply chain inventory problem consisting of a single-vendor and a single-buyer with controllable lead time and investment for quality improvements. this paper presents an integrated vendor-buyer inventory model in order to minimize the sum of the ordering cost, holding cost, setup cost, investment for quality improvement and crashing ...

A finite time horizon inventory problem for a deteriorating item having two separate warehouses, one is a own warehouse (OW) of finite dimension and other a rented warehouse (RW), is developed with interval-valued lead-time under inflation and time value of money. Due to different preserving facilities and storage environment, inventory holding cost is considered to be different in different wa...

This paper discusses why the selection of a finite planning horizon is preferable to an infinite one for a replenishment policy of production inventory models. In a production inventory model, the production rate is dependent on both the demand rate and the inventory level. When there is an exponentially decreasing demand, the application of an infinite planning horizon model is not suitable. T...