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Economic Production Quantity (EPQ) Inventory Model for a Deteriorating Item with a Two-Level Trade Credit Policy and Allowable Shortages Read chapter Read first chapter

2020 | OriginalPaper | Chapter

22. Transportation-Inventory Model for Electronic Markets Under Time Varying Demand, Retailer’s Incentives and Product Exchange Scheme

Author : Arindum Mukhopadhyay

Published in: Optimization and Inventory Management

Publisher: Springer Singapore

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Abstract

Exchange offers are popular in many businesses to attract new customers. Availability of novel varieties, stiff competition, and regulatory restriction of discarding old products enhances to facilitate such offers in the market. Although, the reduction of out-of-pocket expenses to the customers helps to increase the sale of products; it also elevates the decision problem for managing the inventories of the exchanged products for the retailers. In view of this, the present article addresses inventory decision modeling in a system where a customer can buy products from the electronic-market retailer either by paying the full price or getting some price-discount for exchanging old products. Retailer bears transportation costs for the new and exchanged products. Four models are formulated and numerical examples are presented. Sensitivity analysis is also performed to understand the effect of various parameters in the models.

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previous chapter A Fuzzy Two-Echelon Supply Chain Model for Deteriorating Items with Time Varying Holding Cost Involving Lead Time as a Decision Variable
next chapter Electronic Components’ Supply Chain Management of Electronic Industrial Development for Warehouse and Its Impact on the Environment Using Particle Swarm Optimization Algorithm
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Metadata
Title
Transportation-Inventory Model for Electronic Markets Under Time Varying Demand, Retailer’s Incentives and Product Exchange Scheme
Author
Arindum Mukhopadhyay
Copyright Year
2020
Publisher
Springer Singapore
Book
Optimization and Inventory Management

Print ISBN: 978-981-13-9697-7

Electronic ISBN: 978-981-13-9698-4

Copyright Year: 2020

DOI
https://doi.org/10.1007/978-981-13-9698-4_22