Supply Chain Network Designs Developed for Deteriorating Items Under Conditions of Trade Credit and Partial Backordering

Tsao, Yu‐Chung; Linh, Vu Thuy

doi:10.1007/s11067-015-9304-8

Cited by 12 publications

(9 citation statements)

References 43 publications

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“…Tiwari et al [46] formulated a two warehouse inventory model for deteriorating items with permissible delay in payments under considering partial backlogging. Tsao and Linh [47] designed a supply chain network model for deteriorating items under the conditions of trade credit and partial back-ordering. Wu et al [52] studied a supplier-retailer-customer supply chain model for deteriorating items with maximum lifetime, where the retailer gets an up-stream full trade credit from the supplier whereas offers a down-stream partial trade credit to the customers.…”

Section: Literature Reviewmentioning

confidence: 99%

Two-phase deteriorated supply chain model with variable demand and imperfect production process under two-stage credit financing

Pal

Mandal²,

Sana

2021

RAIRO-Oper. Res.

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In this article, an imperfect production inventory model consisting of a manufacturer and a retailer with quality improvement effort and the promotional effort sensitive demand pattern is investigated under a two-tier credit policy. We study the model for deteriorating items where the deterioration occurs at different rates in the manufacturer’s and the retailer’s level considering a fixed lifetime of the product. Discussing the six possible cases of credit policy analytically, we analyze the behavior of the model under an integrated system concerning production lot-size, quality effort and promotional effort such that the integrated average profit is maximum. To obtain the optimal solutions of the model, we design an operative solution algorithm. A numerical example is provided to test feasibility of the model, and the effect of the variation of the key parameters is also studied. The outcomes of this proposed model show that the manufacturer and the retailer have to be more careful about their offered credit periods in aspect of the profit. It is observed that the integrated profit is maximum when both credit periods provided by the manufacturer and the retailer belong to the manufacturer’s cycle. Moreover, we identify that the extended product lifetime does not meet with higher profit all times. This study directs that quality effort and promotional effort stimulate the market demand while it is not always economically profitable for the supply chain.

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Section: Literature Reviewmentioning

confidence: 99%

Two-phase deteriorated supply chain model with variable demand and imperfect production process under two-stage credit financing

Pal

Mandal²,

Sana

2021

RAIRO-Oper. Res.

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“…The facility location problem (FLP) plays a major role in devising strategic plans in a wide spectrum of areas such as supply chain management (Miranda and Garrido, 2006;Hamad and Fares Gualda, 2008;Shahabi et al, 2013;Tsao and Linh, 2016), healthcare management (Daskin and Dean, 2005;Shishebori et al, 2014b;Ghaderi, 2015), and disaster management (Yushimito et al, 2012;Kim and Ryerson, 2017). As mentioned by Rahman and Smith (2000), location analysis improves the accessibility of facilities to the demands.…”

Section: Related Workmentioning

confidence: 99%

A capacitated biobjective location problem with uniformly distributed demands in the UAV‐supported delivery operation

Shavarani

Golabi

İzbirak

2019

Int Trans Operational Res

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In recent years, small unmanned aerial vehicles have been used to deliver medicine and goods as a solution to severe traffic jams and to serve the purpose of fast and effective delivery, especially for medical and emergency applications where time is vital. On the other hand, in the competitive market of today, retailers are considering the use of drones to minimize the customers' waiting times and as a way to lower their transportation costs. This study aims to develop a biobjective mathematical model to account for the optimum number and spatial location of facilities among a set of candidate locations such that the total travel distance, costs, and lost demand are minimized simultaneously. It is assumed that the demand occurrence follows a Poisson distribution and is uniformly distributed along the network edges. The proposed biobjective capacitated facility location model is NP-hard, thus nondominated sorting genetic algorithm II and reference-point based nondominated sorting genetic algorithm are applied to solve the problem. The performance of the algorithms, quality of solutions, and the results are investigated and discussed.

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“…Soni et al [43] designed an integrated supplier-buyer inventory framework that has variable production and defective items with a partial trade credit policy. Tsao and Linh [44] introduced a network design of supply chain partial backordering and trade credit policy. The previous studies show that the trade credit policy between the supplier and buyer is joint bartering.…”

Section: Literature Reviewmentioning

confidence: 99%

Sustainable Inventory Management for Environmental Impact through Partial Backordering and Multi-Trade-Credit-Period

et al. 2018

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Incorporation of sustainable management for the rework of defective items brings long lasting benefits. In global business, there are situations when the products are procured from a global supplier. There are chances that the received lot may contain a fraction of imperfect products. These imperfect products are still valuable and can be repairable to save the environment. It is sustainable to repair imperfect items in a local repair store as compared to sending it back to the supplier. The cost of carbon emissions is also incorporated in the function to incorporate the environmental impact on total profit. Meanwhile, the supplier also offers a multi-trade-credit-period to the buyer. The developed model is sustainable and reduces the environmental impact as well as benefits for interim financing. This paper has an objective to maximize the total profit by developing a synergic economic order quantity model by considering multi-trade-credit policy, rework, and shortages simultaneously. This model can help in making decisions to enhance the performance of sustainable inventory management by controlling the cycle time and a fraction of time for a global supply chain. A non-derivative approach is employed to develop a closed-form optimal result. The numerical illustration with sensitivity analysis is also drawn to provide managerial insights into real practices.

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Supply Chain Network Designs Developed for Deteriorating Items Under Conditions of Trade Credit and Partial Backordering

Cited by 12 publications

References 43 publications

Two-phase deteriorated supply chain model with variable demand and imperfect production process under two-stage credit financing

Two-phase deteriorated supply chain model with variable demand and imperfect production process under two-stage credit financing

A capacitated biobjective location problem with uniformly distributed demands in the UAV‐supported delivery operation

Sustainable Inventory Management for Environmental Impact through Partial Backordering and Multi-Trade-Credit-Period

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