Price and profit structuring for single manufacturer multi-buyer integrated inventory supply chain under price-sensitive demand condition

Agrawal, Anil Kumar; Yadav, Susheel

doi:10.1016/j.cie.2019.106208

Cited by 33 publications

(12 citation statements)

References 64 publications

Supporting

Mentioning

Contrasting

Unclassified

Order By: Relevance

“…Por último, y no menos importante se presentan aportes de los AG en el área de almacenamiento y gestión de inventarios [45][46][47][48][49][50][51] y en el área de selección, evaluación de proveedores respecto a una demanda variable [52][53][54][55][56][57].…”

Section: Algoritmos Genéticosunclassified

Oportunidades para la transformación digital de la cadena de suministro del sector bananero basado en software con inteligencia artificial

Palacio

2021

Rev. politec.

View full text Add to dashboard Cite

La inteligencia artificial ofrece grandes oportunidades para la cadena de suministro, siendo esto una ventaja competitiva para el mercado cambiante de hoy en día. Este artículo tiene como objetivo identificar los impactos y oportunidades que puede ofrecer el software con inteligencia artificial para facilitar la operación y mejorar el desempeño de la cadena de suministro en el sector bananero de Colombia. La metodología de trabajo consta de seis pasos en donde se obtuvo un total de 72 investigaciones. Las fuentes de información fueron cuatro bases de datos. Como conclusión principal, la cadena de suministro del sector bananero tiene todo lo necesario para que se implementen soluciones basadas en software inteligente con el fin de lograr una adaptación, flexibilidad y sensibilidad al contexto y dominio de ejecución. Artificial intelligence offers great opportunities for the supply chain, making it a competitive advantage for today's changing market. This paper aims to identify the impacts and opportunities that artificial intelligence software can offer to supply chain in the Colombian banana sector to facilitate the operation and improve the performance. The searching method consists of six steps getting 72 investigations finally. The sources of information were four databases. The main conclusion is the supply chain of the banana sector has everything for implementation of solutions based on intelligent software in order to achieve adaptation, flexibility and context awarenes and execution domain.

show abstract

Section: Algoritmos Genéticosunclassified

Oportunidades para la transformación digital de la cadena de suministro del sector bananero basado en software con inteligencia artificial

Palacio

2021

Rev. politec.

View full text Add to dashboard Cite

show abstract

“…In supply chain , When the demand is not fixed and is price-sensitive, it is possible to influence the costs to the producer and the buyers, most significantly their holding cost. In this situation, the unit procurement cost for the buyers may also vary if the producer fixes its sales price depending against its cost incurred in producing the items [25].…”

Section: Price-dependent Demandmentioning

confidence: 99%

An Optimal Two-level Supply Chain Model for Small and Medium-sized Enterprises with a rework for New Products and Price-Dependent Demand

2020

View full text Add to dashboard Cite

Today, the advent of new technologies, globalization of markets, customers' varied needs, and increasingly fierce competition, are making SMEs seek to improve engagement with their suppliers, and cost management practices in order to survive. SMEs clearly need to focus on the interests of the entire supply chain by enacting win-win policies. In this study, we investigate a two-level inventory model featuring a manufacturer and a buyer in the competitive market with the policy of producing new products. Imperfect quality products and the capacity to rework are also considered in the model. In other words, because of the competitive nature of the market, any increase in price leads to a decrease in demand. The mathematical model is proposed over two scenarios: a scenario where shortage can occur, and one with no possibility of shortage. The objective function of the mathematical model revolves around the central goal of maximizing the total profit of the supply chain considering both independent and joint optimization by the supply chain members. A new algorithm is proposed to solve the mathematical model whose applicability is evaluated by giving a numerical example to the analysis software MATLAB. The results are analyzed and discussed using a sensitivity analysis approach.

show abstract

“…On the other side, other researchers observed capital capacity as a constraint in the model [3], [21], [22]. Some researchers explained another possibility that might work in an integrated inventory system such as sustainability aspect [23], [24], contract policy [25], [26], [27], [28]. Some models were developed specifically for a certain number (single or multi) of vendor, buyer, and item case.…”

Section: Introductionmentioning

confidence: 99%

Integrated Inventory Model for Single Vendor Multi-Buyer with a Single Item by Considering Warehouse and Capital Constraint

Agustiandi

Aritonang

Rikardo

2021

JTI

View full text Add to dashboard Cite

Integrated inventory management coordinates all party's replenishment policies to provide optimal benefits. Many models have been developed, but none of them have considered capital and warehouse constraints comprehensively. It may cause the model which cannot be applied, since it has exceeded the capacity. This study developed an integrated inventory model that consisted of one vendor, multi-buyer, and one type of item. The main objective was to minimize the joint total expected cost by considering warehouse, capital, and service level constraint. The optimal formula was constructed by using the Lagrange multipliers method. The results showed that with an increment in holding cost, the vendor tends to reduce lot size to minimize joint total expected cost. It is vice versa to the increment in set up cost. An increment in buyer service level can increase lot size and reduce order frequency. The buyer capacity is essential to determine its capability to apply the optimal replenishment policy.

show abstract

Price and profit structuring for single manufacturer multi-buyer integrated inventory supply chain under price-sensitive demand condition

Cited by 33 publications

References 64 publications

Oportunidades para la transformación digital de la cadena de suministro del sector bananero basado en software con inteligencia artificial

Oportunidades para la transformación digital de la cadena de suministro del sector bananero basado en software con inteligencia artificial

An Optimal Two-level Supply Chain Model for Small and Medium-sized Enterprises with a rework for New Products and Price-Dependent Demand

Integrated Inventory Model for Single Vendor Multi-Buyer with a Single Item by Considering Warehouse and Capital Constraint

Contact Info

Product

Resources

About