A one-vendor multi-buyer integrated inventory model

A one-vendor multi-buyer integrated inventory model

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Article ID: iaor19981082
Country: Netherlands
Volume: 81
Issue: 2
Start Page Number: 312
End Page Number: 323
Publication Date: Mar 1995
Journal: European Journal of Operational Research
Authors:
Keywords: pricing
Abstract:

We consider a one-vendor multi-buyer integrated inventory model. The vendor seeks to minimize his total annual cost subject to the maximum costs which buyers are prepared to incur. In order to implement this model, the vendor only needs to know buyer's annual demand and previous order frequency, which can be inferred from buyer's past ordering behavior. We find the optimal solution for the one-vendor one-buyer case, and present a heuristic approach for the one-vendor multi-buyer case.

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