Journal ArticleDOI
A joint economic-lot-size model for purchaser and vendor
TLDR
In this article, a joint economic-lot-size model for a special case where a vendor produces to order for a purchaser on a lot-for-lot basis under deterministic conditions is developed.Abstract:
In a typical purchasing situation, the issues of price, lot sizing, etc, usually are settled through negotiations between the purchaser and the vendor Depending on the existing balance of power, the end result of such a bargaining process may be a near-optimal or optimal ordering policy for one of the parties (placing the other in a position of significant disadvantage) or, sometimes, inoptimal policies for both parties This paper develops a joint economic-lot-size model for a special case where a vendor produces to order for a purchaser on a lot-for-lot basis under deterministic conditions The focus of this model is the joint total relevant cost It is shown that a jointly optimal ordering policy, together with an appropriate price adjustment, can be beneficial economically for both parties or, at the least, does not place either at a disadvantageread more
Citations
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Journal ArticleDOI
A two-phase approach for jointly determining the lot size and delivery policy in a vendor-buyer integrated system with rework
TL;DR: This study proposes a two-phase algebraic solution procedure to derive the optimal lot size as well as optimal number of deliveries without using derivatives in a vendor-buyer integrated system with rework.
Journal ArticleDOI
Alternative shipment policies compared for an international supply chain model with stochastic exchange rate, carbon emission and imperfect quality items
TL;DR: In this article , the authors proposed an alternative model, considering transferring batches of unequal sizes, transfer costs that may be fixed or variable, and with an eye on environmental issues, and numerical experiments showed the value of this integrated approach in the combined determination of optimal policies for production and shipment.
Modelling an industrial strategy for inventory management in supply chains: the 'Consignment Stock' case M. BRAGLIAy and L. ZAVANELLAz*
TL;DR: In this article, an analytical modeling is offered that refers to the problem of a single-vendor and single-buyer productive situation and a comparison with the optimal solution available in the literature is also shown.
DissertationDOI
Three-echelon supply chain delivery policy with trade credit consideration
TL;DR: In this article , the authors studied the just-in-time delivery policy of three-echelon supply chain by collaborative approach, where any of the information from the supply chain is available to all the subsystems involved; manufacturer, distribution center and retailer.
PELABELAN TOTAL (a,d)-H-ANTI AJAIB PADA GRAF RODA
TL;DR: Kuncilol et al. as mentioned in this paper disebut sebuah pelabelan total (a,d)-H- super anti ajaib, jika x(V(G))={1,2,...,|V(M),|M(G)|}.
References
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Book
Decision Systems for Inventory Management and Production Planning
TL;DR: In this article, an in-depth discussion of the major decisions in production planning, scheduling, and inventory management faced by organizations, both private and public, is presented, as well as the latest systems used to make decisions, including Just-in-Time Manufacturing, KANBAN, Distribution Requirements Planning and PUSH Control.
Journal ArticleDOI
Eoq formula: is it valid under inflationary conditions?
TL;DR: In this paper, it was shown that changes in the inflation rate should not affect the cost of capital that is utilized in the economic order quantity (EOQ) formula for determining order quantities.
Journal ArticleDOI
The Classical Economic Order Quantity Formula
TL;DR: In this paper, a stochastic version of the classical economic lot size model is developed, which yields the traditional square root formula where the constant demand term is replaced by mean demand.