Integrated single vendor single buyer model with stochastic demand and variable lead time

Integrated single vendor single buyer model with stochastic demand and variable lead time

0.00 Avg rating0 Votes
Article ID: iaor20051633
Country: Netherlands
Volume: 92
Issue: 1
Start Page Number: 75
End Page Number: 80
Publication Date: Jan 2004
Journal: International Journal of Production Economics
Authors: ,
Abstract:

In this paper, we consider the single vendor single buyer integrated production inventory problem. We relax the assumption of deterministic demand and assume that the lead time is varying linearly with the lot size. The lead time is composed of a lot size-dependent run time and constant delay times such as moving, waiting and setup times. A solution procedure is suggested for solving the proposed model and numerical examples are used to illustrate the benefit of integration. A sensitivity analysis is also performed to explore the effect of key parameters on lot size, reorder point, and expected total cost.

Reviews

Required fields are marked *. Your email address will not be published.