On a Vendor-Buyer Integrated Inventory Model with Different Co-Ordination Levels

  • Authors

    • P. Pandian
    • M. Dhivya Lakshmi
    2018-10-02
    https://doi.org/10.14419/ijet.v7i4.10.20942
  • Buyer, Co-ordination level, Integrated inventory model, Optimal policy, Vendor
  • Abstract

    An integrated inventory model with different co-ordination levels for a vendor and a buyer is proposed in this paper. The optimal policies for the proposed model are obtained. Numerical example of the developed model is presented and analyzed.

     

     

  • References

    1. [1] Ben-Daya M, Darwish M & Ertogral K (2008), The joint economic lot sizing problem: Review and extensions. European Journal of Operational Research 185, 726-742.

      [2] Chao-Kuei Huang (2004), An optimal policy for a single-vendor single-buyer integrated production–inventory problem with process unreliability consideration. International Journal of Production Economics 91, 91-98.

      [3] Chao-Kuei Huang, Deng-MawTsai, Ji-ChengWu & Kun-JenChung (2010), An optimal integrated vendor–buyer inventory policy under conditions of order-processing time reduction and permissible delay in payments. International Journal of Production Economics 128, 445-451.

      [4] Chaowalit Hamontree, Djamila Ouelhadj & Patrick Beullens (2013), Coordination single buyer-supplier with vendor managed inventory from the net present value perspective. Journal of Applied Operational Research 5(2), 56-69.

      [5] Christoph H Glock (2012), Coordination of a production network with a single buyer and multiple vendors. International Journal of Production Economics 135, 771-780.

      [6] Docki Saraswati, Andi Cakravastia, Bermawi P Iskandar & Hakim Hallim A (2014), A single manufacturer – a single buyer partnership with vendor managed inventory and consignment. Proceedings of the 2014 International Conference on Industrial Engineering and Operations Management, Bali, Indonesia, January 7 – 9, 1020-1029.

      [7] Goeffrion AM (1968), Proper efficiency and the theory of vector maximization. Journal of Mathematical Analysis and Applications 22, 618-630.

      [8] Goyal SK (1976), An integrated inventory model for a single supplier-single customer problem. International Journal of Production Research 15(1), 107-111.

      [9] Hemapriya S & Uthayakumar R (2016), Ordering cost dependent lead time in integrated inventory model. Communications in Applied Analysis 20, 411-439.

      [10] Hokey Min & Gengui Zhou (2002), Supply chain modelling: past, present and future. Computers & Industrial Engineering 43, 231-249.

      [11] Jia-Tzer Hsu & Lie-Fern Hsu (2012), An integrated vendor-buyer cooperative inventory model for items with imperfect quality and shortage backordering. Advances in Decision Sciences 2012, Article ID 679083, 19 pages.

      [12] Kelle P, Al-khateeb F & Miller PA (2003), Partnership and negotiation support by joint optimal ordering/setup policies for JIT. International Journal of Production Economics 81(1), 431-441.

      [13] Liang-Yuh Ouyang, Chia-HueiHo & Chia-Hsien Su (2005), Optimal strategy for the integrated vendor-buyer inventory model with adjustable production rate and trade credit. Information and Management Sciences 16(4), 19-37.

      [14] Lu Lu (1995), A one – vendor multi – buyer integrated inventory model. European Journal of Operational Research 81, 312-323.

      [15] Md Azizul Baten & Anton Abdulbasah Kamil (2009), An optimal control approach to inventory-production systems with weibull distributed deterioration. Journal of Mathematics and Statistics 5(3), 206-214.

      [16] Mona Ahmadi Rad, FaridKhoshalhan & Mostafa Setak (2014), Supply chain single vendor – single buyer inventory model with price - dependent demand. Journal of Industrial Engineering and Management 7(4), 733-748.

      [17] Pandian P (2012), A simple approach for finding a fair solution to multi-objective programming problems. Bulletin of Mathematical Sciences &Applications 1, 25-30.

      [18] Ritha W & Bharathi P (2017), An integrated vendor - buyer inventory model with reworking of imperfect production items and shortage backordering. International Journal of Engineering Sciences &Management 7(1), 19-23.

      [19] Ritha W & Francina Nishandhi I (2015), Single vendor – multi buyer’s integrated inventory model with rejection of defective supply batches. International Journal of Mathematics and Computer Research 3(10), 1182-1187.

      [20] Roger M Hill (1997), The single – vendor single – buyer integrated production – inventory model with a generalized policy. European Journal of Operational Research 97, 493-499.

      [21] Sarmah SP (2007), Supply chain coordination with target profit. International Journal of Operational Research 3(1-2), 140–153.

      [22] Sarmah SP, Acharya D & Goyal SK (2006), Buyer vendor coordination models in supply chain management. European Journal of Operational Research 175(1), 1–15.

      [23] Uthayakumar R & Ganesh Kumar M (2016), Single vendor-buyer integrated inventory system for imperfect production with variable lead time. Operations Research and Applications: An International Journal 3(1), 1-15.

      [24] Vijayashree M & Uthayakumar R (2017), A single-vendor and a single-buyer integrated inventory model with ordering cost reduction dependent on lead time. Journal of Industrial Engineering International DOI 10.1007/s40092-017-0193-y.

      [25] Viswanathan S (1998), Optimal strategy for the integrated vendor – buyer inventory model. European Journal of Operational Research 105, 38-42.

      [26] York Y Woo, Shu-Lu Hsu & Soushan Wu (2001), An integrated inventory model for a single vendor and multiple buyers with ordering cost reduction. International Journal of Production Economics 73, 203-215.

      [27] Yu-Jen Lin & Hsien-Jen Lin (2015), Integrated supply chain model with price-dependent demand and product recovery. Journal of Applied Science and Engineering 18(3), 213-222.

      [28] Zhiguang Zhang (2010), An integrated inventory model for vendor and buyer. Modern Applied Science 4(7), 197-200.

  • Downloads

  • How to Cite

    Pandian, P., & Dhivya Lakshmi, M. (2018). On a Vendor-Buyer Integrated Inventory Model with Different Co-Ordination Levels. International Journal of Engineering & Technology, 7(4.10), 383-386. https://doi.org/10.14419/ijet.v7i4.10.20942

    Received date: 2018-10-04

    Accepted date: 2018-10-04

    Published date: 2018-10-02