An integrated economic lot-size model for vendor-buyer inventory system when input is random

被引:8
|
作者
Shah, Nita H. [1 ]
Gor, Ajay S. [2 ]
机构
[1] Gujarat Univ, Dept Math, Ahmadabad 380009, Gujarat, India
[2] SVKM, Pramukh Swami Sci & HD Patel Arts Coll, Kadi 382715, Gujarat, India
关键词
Integrated strategy; Trade credit; Random input; PURCHASER; QUANTITY;
D O I
10.1016/j.mcm.2008.08.017
中图分类号
TP39 [计算机的应用];
学科分类号
081203 ; 0835 ;
摘要
An integrated strategy is discussed for both vendor and buyer when the inputisrandom. It is shown numerically that the cooperative approach is beneficial to reduce the cost when compared with an independent decision by both the parties. Though the integrated total cost decreases, the buyer's cost increases due to random input in his inventory. To encourage the buyer to order alarge quantity, a trade credit is offered by the vendor to the buyer to settle the account. A conciliation factor is suggested to share the benefits. (C) 2008 Elsevier Ltd. All rights reserved.
引用
收藏
页码:1326 / 1330
页数:5
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