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Three-Echelon Inventory Model with Permissible Delay in Payments under Controllable Lead Time and Backorder Consideration
Joint Authors
Source
Mathematical Problems in Engineering
Issue
Vol. 2014, Issue 2014 (31 Dec. 2014), pp.1-16, 16 p.
Publisher
Hindawi Publishing Corporation
Publication Date
2014-04-30
Country of Publication
Egypt
No. of Pages
16
Main Subjects
Abstract EN
This paper proposes a three-echelon inventory model with permissible delay in payments under controllable lead time and backorder consideration to find out the suitable inventory policy to enhance profit of the supply chain.
In today’s highly competitive market, the supply chain management has become a critical issue in both practice and academic and supply chain members have to cooperate with each other to bring more benefits.
In addition, the inventory policy is a key factor to influence the performance of the supply chain.
Therefore, in this paper, we develop a three-echelon inventory model with permissible delay in payments under controllable lead time and backorder consideration.
Furthermore, the purpose of this paper is to maximize the joint expect total profit on inventory model and attempt to discuss the inventory policy under different conditions.
Finally, with a numerical example provided here to illustrate the solution procedure, we may discover that decision-makers can control lead time and payment time to enhance the performance of the supply chain.
American Psychological Association (APA)
Yang, M. F.& Tseng, Wei-Chung. 2014. Three-Echelon Inventory Model with Permissible Delay in Payments under Controllable Lead Time and Backorder Consideration. Mathematical Problems in Engineering،Vol. 2014, no. 2014, pp.1-16.
https://search.emarefa.net/detail/BIM-499792
Modern Language Association (MLA)
Yang, M. F.& Tseng, Wei-Chung. Three-Echelon Inventory Model with Permissible Delay in Payments under Controllable Lead Time and Backorder Consideration. Mathematical Problems in Engineering No. 2014 (2014), pp.1-16.
https://search.emarefa.net/detail/BIM-499792
American Medical Association (AMA)
Yang, M. F.& Tseng, Wei-Chung. Three-Echelon Inventory Model with Permissible Delay in Payments under Controllable Lead Time and Backorder Consideration. Mathematical Problems in Engineering. 2014. Vol. 2014, no. 2014, pp.1-16.
https://search.emarefa.net/detail/BIM-499792
Data Type
Journal Articles
Language
English
Notes
Includes bibliographical references
Record ID
BIM-499792