Single vendor and multiple buyers integrated inventory system when demand is quadratic

Autor:	Nita H. Shah, Ajay S. Gor, Chetan A. Jhaveri
Rok vydání:	2010
Předmět:	Mathematical optimization Supply chain management Vendor Total cost Strategy and Management Supply chain Management Science and Operations Research Product (business) Cost reduction Quadratic equation Operations management Business Sensitivity (control systems) Business and International Management
Zdroj:	International Journal of Business Performance and Supply Chain Modelling. 2:171
ISSN:	1758-941X 1758-9401
DOI:	10.1504/ijbpscm.2010.036168
Popis:	In this research paper, an integrated inventory policy for single vendor and multiple buyers is developed. The demand of a product is assumed to be quadratic. A numerical example is shown to validate the results of the proposed development. It is established numerically that the integrated approach results in significant decrease in the total cost compared with the independent decision approach by all the buyers. The sensitivity analysis is carried out for all the parameters. To settle beneficial sharing, a negotiation factor is incorporated.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_________::f2f3f28473376ddff5d6220e1f696cf0 https://doi.org/10.1504/ijbpscm.2010.036168 Zobrazit plný text záznamu