Supply chain network design for perishable products under trade credit

Tsao, Yu‐Chung; Zhang, Qinhong; Zhang, Xiaolong; Vu, Thuy-Linh

doi:10.1080/21681015.2021.1937722

Cited by 19 publications

(7 citation statements)

References 20 publications

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“…Thirdly, future research can consider the changing demand for supplies in disaster areas and construct a multi-cycle dynamic model of emergency supplies storage location and supplies allocation. In addition, the research in this paper has not considered the wear and tear and expiration of emergency supplies, and further discussion can be made to consider the reserve situation when emergency supplies are rotated [42,43] to bring the model closer to reality. Furthermore, the scenario of considering the importance of supplies based on the psychological distress of the victims to determine the priority of supply stockpiling and distribution would also be a meaningful research direction.…”

Section: Discussionmentioning

confidence: 99%

Optimization of Warehouse Location and Supplies Allocation for Emergency Rescue under Joint Government–Enterprise Cooperation Considering Disaster Victims’ Distress Perception

2021

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The location and allocation of emergency supplies are an important part of emergency rescue work. The existing emergency location and allocation process is inefficient, costly, and neglects the psychology of victims. To improve the emergency relief work and solve the current problems, this paper introduces the victims’ pain perception cost into the model, takes the lowest cost of the whole emergency rescue system as the goal, constructs a government–enterprise joint emergency material location–allocation model, and uses the simulated annealing algorithm to solve the model. This paper takes the 2008 Wenchuan earthquake in Sichuan Province as the background and verifies the validity and rationality of the model through a comparative analysis of case simulations. The results show that the model and algorithm can effectively solve the emergency supplies location–allocation problem considering the victims’ pain perception, reflecting the idea of human-centered sustainable development and providing support for building a sustainable emergency relief system.

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Section: Discussionmentioning

confidence: 99%

Optimization of Warehouse Location and Supplies Allocation for Emergency Rescue under Joint Government–Enterprise Cooperation Considering Disaster Victims’ Distress Perception

2021

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“…Lee and Dye (2021) developed a simple algorithm to solve replenishment schedules and preservation technology costs for decay products assuming stock-sensitive demand rate. Tsao et al (2021) proposed a network design problem assuming credit policy and freshness-keeping strategy. The model evaluated the total cost function by continuous approximation.…”

Section: Literature Reviewmentioning

confidence: 99%

A Deteriorating Inventory Model under Overtime Production and Credit Policy for Stock- and Price Sensitive Demand Function

Shah

Rabari

Patel

2022

Oper. Res. Eng. Sci. Theor. Appl.

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This paper develops an overtime production model for demand rate to be a function of price and stock-level. Companies manufacturing rate fluctuates with the change in stock-level and demand rate. To control the deterioration up to some extent, the system introduces preservation technology investment. The article permits a twolevel credit policy for flexible financing. The model calculates feasible profit value under preservation technology investment, production period and selling price. Conclusively, a sensitivity analysis related to different inventory parameters is performed to study the dependency of optimal values on parameters.

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“…The study also presents cases that provide comprehensive coverage of inventory distribution parameter to minimize the total cost (Pujari et al, 2008). Tsao et al (2021) designed a supply chain network for perishable products under trade credit using CA approach. Based on the results from the extant literature, this study incorporates CA into SCND while implementing the ACC payment alternative, since previous studies on CA consider only one or two types of payment alternatives.…”

Section: Continuous Approximation (Ca) Approachmentioning

confidence: 99%

Supply chain network design under advance-cash-credit payment

Tsao

Muthi’ah

et al. 2021

Ann Oper Res

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In practice, a vendor may offer a retailer an advance-cash-credit (ACC) payment scheme. This implies the buyer needs to pay a fraction of the purchasing cost before he receives the item (advance payment), some cash when the item is arrived (cash on delivery), and then the remaining purchasing cost after a credit period (credit payment). This paper studies the effect of payment schemes on the supply chain network design. The network consists of an outside supplier, multiple distribution centers (DCs), and multiple retailers. The DCs receive an upstream ACC payment from the supplier. This study attempts to determine the optimal location, allocation, as well as the inventory cycle time while minimizing total cost. A continuous approximation is used in the model development and the time value of money concept is considered, since different payment schemes related to time change the cash value. Numerical studies are adopted to demonstrate the solution approach and the effects of changing parameters on decisions and total cost. This study provides novel management implications for supply chain network designers' reference. The results show that the number of DCs to be opened, the joint replenishment cycle time of DC, and the total cost increase as the interest earned decreases and the interest charged increases.

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Supply chain network design for perishable products under trade credit

Cited by 19 publications

References 20 publications

Optimization of Warehouse Location and Supplies Allocation for Emergency Rescue under Joint Government–Enterprise Cooperation Considering Disaster Victims’ Distress Perception

Optimization of Warehouse Location and Supplies Allocation for Emergency Rescue under Joint Government–Enterprise Cooperation Considering Disaster Victims’ Distress Perception

A Deteriorating Inventory Model under Overtime Production and Credit Policy for Stock- and Price Sensitive Demand Function

Supply chain network design under advance-cash-credit payment

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