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Supply Chain Model with Stochastic Lead Time, Trade-Credit Financing, and Transportation Discounts
Joint Authors
Source
Mathematical Problems in Engineering
Issue
Vol. 2017, Issue 2017 (31 Dec. 2017), pp.1-14, 14 p.
Publisher
Hindawi Publishing Corporation
Publication Date
2017-05-18
Country of Publication
Egypt
No. of Pages
14
Main Subjects
Abstract EN
This model extends a two-echelon supply chain model by considering the trade-credit policy, transportations discount to make a coordination mechanism between transportation discounts, trade-credit financing, number of shipments, quality improvement of products, and reduced setup cost in such a way that the total cost of the whole system can be reduced, where the supplier offers trade-credit-period to the buyer.
For buyer, the backorder rate is considered as variable.
There are two investments to reduce setup cost and to improve quality of products.
The model assumes lead time-dependent backorder rate, where the lead time is stochastic in nature.
By using the trade-credit policy, the model gives how the credit-period would be determined to achieve the win-win outcome.
An iterative algorithm is designed to obtain the global optimum results.
Numerical example and sensitivity analysis are given to illustrate the model.
American Psychological Association (APA)
Kim, Sung Jun& Sarkar, Biswajit. 2017. Supply Chain Model with Stochastic Lead Time, Trade-Credit Financing, and Transportation Discounts. Mathematical Problems in Engineering،Vol. 2017, no. 2017, pp.1-14.
https://search.emarefa.net/detail/BIM-1191409
Modern Language Association (MLA)
Kim, Sung Jun& Sarkar, Biswajit. Supply Chain Model with Stochastic Lead Time, Trade-Credit Financing, and Transportation Discounts. Mathematical Problems in Engineering No. 2017 (2017), pp.1-14.
https://search.emarefa.net/detail/BIM-1191409
American Medical Association (AMA)
Kim, Sung Jun& Sarkar, Biswajit. Supply Chain Model with Stochastic Lead Time, Trade-Credit Financing, and Transportation Discounts. Mathematical Problems in Engineering. 2017. Vol. 2017, no. 2017, pp.1-14.
https://search.emarefa.net/detail/BIM-1191409
Data Type
Journal Articles
Language
English
Notes
Includes bibliographical references
Record ID
BIM-1191409