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A three level integrated inventory model with time dependent demand and production rate under a trade credit policy for both distributor and retailer

Treść / Zawartość
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Warianty tytułu
Języki publikacji
EN
Abstrakty
EN
This paper develops a three echelon supply chain inventory model with permissible delay in payment, in which distributor and retailer’s demand is time dependent and production rate for manufacturer is also time sensitive. The models consider the two level trade credit policy in manufacturer-distributor and distributor-retailer relationship in this supply chain model. A simple solution algorithm is presented to determine the optimal order quantity and optimal cycle time of the total cost function and the number of shipments for distributor and retailer. The results are discussed with numerical examples and the particular cases of the model are also discussed in brief.
Rocznik
Strony
439--469
Opis fizyczny
Bibliogr. 30 poz., rys., tab.
Twórcy
autor
  • Department of Mathematics, D. N. (P.G) College, C. C. S. University, Meerut (U. P.), India-250001
autor
  • Department of Mathematics, D. N. (P.G) College, C. C. S. University, Meerut (U. P.), India-250001
autor
  • Department of Mathematics, D. N. (P.G) College, C. C. S. University, Meerut (U. P.), India-250001
Bibliografia
  • 1. AGGARWAL, S. P. and JAGGI, C. K. (1995) Ordering policies of deteriorating items under permissible delay in payments. Journal of the Operational Research Society 46, 658-662.
  • 2. ABAD, P. L. and JAGGI, C. K. (2003) Joint approach for setting unit price and the length of the credit period for a seller when end demand is price sensitive. International Journal of Production Economics 83, 115–122.
  • 3. CHUNG, K. J. (1998) A theorem on the determination of economic order quantity under conditions of permissible delay in payments. Computers and Operations Research 25, 49–52.
  • 4. CHEN, J. and BELL, P. C. (2011) Coordinating a decentralized supply chain with customer returns and price dependent stochastic demand using a buyback policy. European Journal of Operational Research 212 (2), 293– 300.
  • 5. CHUNG, K. J. and CARDENAS-BARRON, L. E. (2013) The simplified solution procedure for deteriorating items under stock dependent demand and two level trade credits in the supply chain management. Applied Mathematical Modeling 37, 4653–4660.
  • 6. CHUNG, K. J., C´ ARDENAS-BARR´ON, L. E. and TING, P. S. (2014) An inventory model with non instantaneous receipt and exponentially deteriorating items for an integrated three layer supply chain system under two levels of trade credit. International Journal of Production Economics. In press, http://dx.doi.org/10.1016/j.ijpe.2013.12.033
  • 7. GOYAL, S. K. (1985) Economic order quantity under conditions of permissible delay in payments. Journal of the Operational Research Society 36, 335–338.
  • 8. GOYAL, S. K. and NEBEBE, F. (2000) Determination of economic production- shipment policy for a single vendor single buyer system. European Journal of Operational Research 121, 175–178.
  • 9. GOYAL, S. K., TENG, J. T. and CHANG, C. T. (2007) Optimal ordering policies when the supplier provides a progressive interest-payable scheme. European Journal of Operational Research 179, 404–413.
  • 10. HAQ, A. N., VRAT, P. and KANDA, A. (1991) An integrated production- inventory-distribution model for manufacture of urea: a case. International Journal of Production Economic 39, 39–49.
  • 11. HANGS, H., RAAFAT, N. I. and PAUL, B. L. (2006) Joint economic lot size in distribution system with multiple shipment policy. International Journal of Production Economics 102, 302–316
  • 12. HE, Y., ZHAO, X., ZHAO, L. and HE, J. (2009) Coordinating a supply chain with effort and price dependent stochastic demand. Applied Mathematical Modeling 33 (6), 2777–2790.
  • 13. ISHII, K., TAKAHASHI, K. and MURAMATSU, R. (1988) Integrated production, inventory and distribution systems. International Journal of Production Research 26 (3), 473–482.
  • 14. JABER, M. Y. and GOYAL, S. K. (2008) Coordinating a three-level supply chain with multiple suppliers, a vendor and multiple buyers. International Journal of Production Economics 116, 95–103.
  • 15. LIAO, J. J. (2008) An EOQ model with non instantaneous receipt and exponentially deteriorating items under two-level trade credit. International Journal of Production Economics 113, 852–861.
  • 16. LIU, Z. and CRUZ, J.M. (2012) Supply chain networks with corporate financial risks and trade credits under economic uncertainty. International Journal of Production Economics 137, 55–67.
  • 17. LOU, K. R. and WANG, W. C. (2013) A comprehensive extension of an inte- grated inventory model with ordering cost reduction and permissible delay in payments. Applied Mathematical Modeling 37, 4709–4716.
  • 18. OUYANG, L. Y., WU, K. S. and YANG, C. T. (2006) A study on an inventory model for non instantaneous deteriorating items with permissible delay in payments. Computers & Industrial Engineering 51, 637–651.
  • 19. OUYANG, L. Y., YANG, C. T., CHAN, Y. L. and C´ ARDENAS-BARR´ON, L. E. (2013) A comprehensive extension of the optimal replenishment decisions under two levels of trade credit policy depending on the order quantity. Applied Mathematics and Computation 224 (1), 268-277.
  • 20. RAU, H., WU, M. Y. and WEE, H. M. (2003) Integrated inventory model for deteriorating items under a multi echelon supply chain environment. International Journal of Production Economics 86, 155–168.
  • 21. SINGH, N., VAISH, B. and SINGH, S. R. (2010) An EOQ model with Pareto distribution for deterioration, trapezoidal type demand and backlogging under trade credit policy. The IUP Journal of Computational Mathematics 3 (4), 30–53.
  • 22. SINGH, S. R. (2010) Supply chain models with imperfect production process and volume flexibility under inflation. The IUP Journal of Supply Chain Management 7 (1), 61–67.
  • 23. SINGH, S. R. and SINGH, C. (2010) Supply chain model with stochastic lead time under imprecise partially backlogging and fuzzy ramp type demand for expiring items. International Journal of Operational Research 8 (4), 511–522.
  • 24. SINGH, S. R. (2011) Optimal replenishment policy for ameliorating item with shortage under inflation and time value of money using genetic algorithm. International Journal of Computer Applications 27 (1), 5–17.
  • 25. SINGH, S. R. and VISHNOI, M. (2013) Supply chain inventory model with price-dependent consumption rate with ameliorating and deteriorating items and two levels of storage. International Journal of Procurement Management 6 (2), 129–151.
  • 26. SONI, H. N. (2013) Optimal replenishment policies for deteriorating items with stock sensitive demand under two-level trade credit and limited capacity. Applied Mathematical Modeling 37, 5887–5895.
  • 27. THANGAM, A. and UTHAYKUMAR, R. (2009) Two echelon trade credits financing for perishable items in a supply chain when demands on both selling price and credit period. Computers & Industrial Engineering 57, 773-786.
  • 28. TENG, J. T., KROMMYDA, I. P., SKOURI, K. and LOU, K. R. (2011) A comprehensive extension of optimal ordering policy for stock-dependent demand under progressive payment scheme. European Journal of Operational Research 215, 97–104.
  • 29. WOO, Y. Y., HSU, S. L. and WU, S. (2001) An integrated inventory model for single vendor and Multiple buyers with ordering cost reduction. International Journal of Production Economics 73, 203–215.
  • 30. WU, J., OUYANG, L. Y., C´ ARDENAS-BARR´ON, L. E. and GOYAL, S. K. (2014) Optimal credit period and lot size for deteriorating items with expiration dates under two-level trade credit financing. European Journal of Operational Research 237(3), 898–908.
Typ dokumentu
Bibliografia
Identyfikator YADDA
bwmeta1.element.baztech-7973d858-a0fc-4fdb-94eb-8b5bc591ef99
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