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

Single vendor and multiple buyers integrated inventory system when demand is quadratic 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. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png International Journal of Business Performance and Supply Chain Modelling Inderscience Publishers

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

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Publisher
Inderscience Publishers
Copyright
Copyright © Inderscience Enterprises Ltd. All rights reserved
ISSN
1758-9401
eISSN
1758-941X
DOI
10.1504/IJBPSCM.2010.036168
Publisher site
See Article on Publisher Site

Abstract

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.

Journal

International Journal of Business Performance and Supply Chain ModellingInderscience Publishers

Published: Jan 1, 2010

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