A two-echelon production-inventory model for deteriorating items with multiple buyers

Ghiami, Yousef; Williams, Terry

doi:10.1016/j.ijpe.2014.09.017

Cited by 55 publications

(19 citation statements)

References 21 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…They derived a joint pricing and production decision to maximize the total profit of the supply chain. Relevant recent articles on supply chain models for deteriorating items can also be found in Hoque [31], Yan et al [32], Giri and Maiti [33], Sarkar [34], Chang [35], and Ghiami and Williams [36], among others. The above-mentioned studies, discussed the optimal inventory policies for integrated inventory systems in a two-echelon supply chain.…”

Section: Supply Chain Coordination Models For Deteriorating Itemsmentioning

confidence: 99%

Coordinating a supply chain for deteriorating items with multi-factor-dependent demand over a finite planning horizon

Bai

et al. 2016

Applied Mathematical Modelling

View full text Add to dashboard Cite

Coordinating a supply chain for deteriorating items with multi-factor-dependent demand over a finite planning horizon, Applied Mathematical Modelling (2016), Highlights• We prove the lower bound on penalty for decentralization.• We propose a revised revenue-sharing (RRS) contract to coordinate the developed system.• The RRS contract always yields a higher profit than the revenue-sharing (RS) contract.• Under these two contracts, the optimal conditions of attaining a win-win outcome are derived. AbstractThe paper considers a one-manufacturer and one-retailer supply chain for deteriorating items over a finite planning horizon. For the case with multi-factor-dependent demand, we analyze the coordination of the system within a contract mechanism. We first formulate and then compare a decentralized model and a centralized model; following this, we propose a revenue-sharing contract and a revised revenue-sharing contract to coordinate the decentralized supply chain. We illustrate the proposed models with a numerical example and sensitivity analysis of the coordination results on several key parameters. The results show that the supply chain's profit in the centralized system increases by at least 1 3 , both contracts can coordinate the system and the fraction parameter of the revenue exists when each contract is acceptable to both members of the supply chain, and the revised revenue-sharing contract always yields a higher profit than the revenue-sharing contract. Furthermore, the supply chain's profit under the revised revenue-sharing contract is shown to be equivalent to that in the centralized system.

show abstract

Section: Supply Chain Coordination Models For Deteriorating Itemsmentioning

confidence: 99%

Coordinating a supply chain for deteriorating items with multi-factor-dependent demand over a finite planning horizon

Bai

et al. 2016

Applied Mathematical Modelling

View full text Add to dashboard Cite

show abstract

“…Yang (2014) established an EOQ model under stock-dependent demand and stock-dependent holding cost with relaxed terminal condition under shortages. Ghiami and Williams (2015) considered a single manufacturer multi-buyer model for a deteriorating product with finite production rate. Jiangtao et al (2014) proposed a multi-product EOQ model for perishable item for stock-dependent demand and two level trade credits.…”

Section: Introduction and Literature Reviewmentioning

confidence: 99%

Optimal lot sizing policy with power demand and composed shortages under trade credits

Shukla

Tripathi

Sang

et al. 2017

IJKMTH

View full text Add to dashboard Cite

This paper deals with an optimal ordering policy for non-deteriorating item with power demand under trade credits. The shortages are allowed and combination of backlogged and lost sales. Mathematical model is developed under two different situations, i.e., case 1: the permissible delay period is less than time to finish positive inventory and case 2 trade credit period is greater than or equal to time to finish positive inventory. Numerical examples are provided to illustrate the algorithm and theoretical results. The sensitivity analysis is provided on the optimal solution. The second order approximations are used for exponential terms to find the complexity on the optimal solution.

show abstract

“…Ghiami et al, regarded a single-manufacturer, multi-buyer model for a deteriorating item with finite production rate [3]. The authors relaxed the assumption on the production capacity and found the average inventory of the supplier.…”

Section: Introductionmentioning

confidence: 99%

A Hybrid Genetic Algorithm-Simulated Annealing for Integrated Production-Distribution Scheduling in Supply Chain Management

Abedinzadeh¹

2017

IJTAM

View full text Add to dashboard Cite

Abstract:In this paper, we present an integrated production-distribution (P-D) model which considers rail transportation to move deteriorating items. The problem is formulated as a mixed integer programming (MIP) model, which could then be solved using GAMS optimization software. A hybrid genetic algorithm-simulated annealing (GA-SA) is developed to solve the real-size problems in a reasonable time period. The solutions obtained by GAMS are compared with those obtained from the hybrid GA-SA and the results show that the hybrid GA-SA is efficient in terms of computational time and the quality of the solution obtained.

show abstract

A two-echelon production-inventory model for deteriorating items with multiple buyers

Cited by 55 publications

References 21 publications

Coordinating a supply chain for deteriorating items with multi-factor-dependent demand over a finite planning horizon

Coordinating a supply chain for deteriorating items with multi-factor-dependent demand over a finite planning horizon

Optimal lot sizing policy with power demand and composed shortages under trade credits

A Hybrid Genetic Algorithm-Simulated Annealing for Integrated Production-Distribution Scheduling in Supply Chain Management

Contact Info

Product

Resources

About