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2019 | OriginalPaper | Buchkapitel

An Integrated Imperfect Production–Inventory Model with Optimal Vendor Investment and Backorder Price Discount

verfasst von : Anindita Mukherjee, Oshmita Dey, B. C. Giri

Erschienen in: Information Technology and Applied Mathematics

Verlag: Springer Singapore

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Abstract

In this article, an integrated single-vendor single-buyer imperfect production–inventory model in which the vendor makes investment for process quality improvement and the buyer offers price discounts for backorders is studied. It is assumed that the buyer follows a continuous review policy with lot-size-dependent lead-time and a mixture of backorders and lost sales. Under the n-shipment policy, the expected annual total cost of the integrated system is derived. An algorithm is developed to determine numerically the optimal decisions of the model. A numerical example is taken to illustrate the developed model and to examine the sensitivity of the key parameters of the model. Some managerial insights are also provided.

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Metadaten
Titel
An Integrated Imperfect Production–Inventory Model with Optimal Vendor Investment and Backorder Price Discount
verfasst von
Anindita Mukherjee
Oshmita Dey
B. C. Giri
Copyright-Jahr
2019
Verlag
Springer Singapore
DOI
https://doi.org/10.1007/978-981-10-7590-2_14

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