A joint economic order quantity model for supplier and retailer with deteriorating items

A joint economic order quantity model for supplier and retailer with deteriorating items

0.00 Avg rating0 Votes
Article ID: iaor20071073
Country: Singapore
Volume: 21
Issue: 2
Start Page Number: 163
End Page Number: 178
Publication Date: Jun 2004
Journal: Asia-Pacific Journal of Operational Research
Authors: ,
Keywords: deteriorating items, economic order
Abstract:

The paper studies the joint inventory model between supplier and retailer relying on mutual cooperation. Unlike other studies, the deteriorated rate and partial back-ordering are consistent with assumptions for dealing with more general cases. Since it is difficult to solve this problem directly, we derived the sufficient and necessary conditions in the planning horizon, and proposed a procedure to find the optimal solution. Numerical examples and sensitivity analyses are also provided to illustrate the solution procedure. The results reveal that the extensions of the model provide a wider and reasonable situation in practice, and that they also reduce the total cost.

Reviews

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 Your email address will not be published.