Lot Size Decisions for Vendor-Buyer System with Quantity Discount, Partial Backorder, and Stochastic Demand
Author
Source
Advances in Operations Research
Issue
Vol. 2014, Issue 2014 (31 Dec. 2014), pp.1-7, 7 p.
Publisher
Hindawi Publishing Corporation
Publication Date
2014-11-10
Country of Publication
Egypt
No. of Pages
7
Main Subjects
Information Technology and Computer Science
Abstract EN
This paper presents production-inventory model for two-echelon system consisting of single vendor and single buyer.
The proposed model contributes to the current inventory literature by incorporating quantity discount scheme into stochastic vendor-buyer model.
Almost all vendor-buyer inventory models have discussed this scheme in single-echelon system and deterministic demand situation.
Here, we assume that the demand of the buyer is normally distributed and the unmet demand is considered to be partially backordered.
In addition, the lead time is variable and consists of production time and nonproductive time.
The quantity discount is developed by using all-units quantity discounts.
Finally, an iterative procedure is proposed to obtain all decision variables and numerical examples are provided to show the application of the proposed procedure.
American Psychological Association (APA)
Jauhari, Wakhid Ahmad. 2014. Lot Size Decisions for Vendor-Buyer System with Quantity Discount, Partial Backorder, and Stochastic Demand. Advances in Operations Research،Vol. 2014, no. 2014, pp.1-7.
https://search.emarefa.net/detail/BIM-1015952
Modern Language Association (MLA)
Jauhari, Wakhid Ahmad. Lot Size Decisions for Vendor-Buyer System with Quantity Discount, Partial Backorder, and Stochastic Demand. Advances in Operations Research No. 2014 (2014), pp.1-7.
https://search.emarefa.net/detail/BIM-1015952
American Medical Association (AMA)
Jauhari, Wakhid Ahmad. Lot Size Decisions for Vendor-Buyer System with Quantity Discount, Partial Backorder, and Stochastic Demand. Advances in Operations Research. 2014. Vol. 2014, no. 2014, pp.1-7.
https://search.emarefa.net/detail/BIM-1015952
Data Type
Journal Articles
Language
English
Notes
Includes bibliographical references
Record ID
BIM-1015952