Joint Optimal Policy for Variable Deteriorating Inventory System of Vendor-Buyer Ordering with Trapezoidal Demand
Nita H. Shah, Digeshkumar B. Shah
Current Journal of Applied Science and Technology · pp. 160–173 · Published 4 Feb 2013
10.9734/BJAST/2014/2222Abstract
A joint optimal policy for the vendor and the buyer is analyzed when units in inventory are subject to deterioration and demand is trapezoidal. It is shown numerically that the joint venture reduces the total joint cost significantly when compared with the independent decision of both the players. To entice the buyer to place orders of larger size, a permissible credit period is offered by the vendor to the buyer. A negotiation factor is incorporated to share the benefits of cost savings.
Cited by 2
N. Shah, D. Shah, D. Patel · International Journal of Systems Science · 2015
Related research
- Isolation and Characterization of Microorganisms Associated with Deteriorated Books — shares topic coverage
- Effect of Three Pickling Agents on the Physico-chemical Properties of Two Varieties of Cucumber Stored under Tropical Ambient Conditions — shares topic coverage
- Forests and Landscapes of Dominican Republic — shares topic coverage
- Changing Fluvio-dynamic Scenario of the Adi Ganga River, Kolkata, West Bengal, India — shares topic coverage
- Physiological Quality of Rice Seeds Stored in Different Environments and Packages — shares topic coverage
Article metrics
Real usage data collected on this platform.
0
Page views
0
PDF downloads
0
Outbound clicks
2
Citations
Views by country
Approximate, from request IP at view time — not citizenship or institution. Countries with fewer than 5 views are grouped as "Other".
No views recorded yet.
Traffic sources
Referring site, by host.
No traffic recorded yet.
Views and downloads exclude known bots/crawlers. Citations combines this platform's own DOI-resolved index with each external source's own reported total — see Cited by above for individually listed citing works. Last refreshed 0 seconds ago.