The continuous resupply policy for deteriorating items with stock-dependent observable demand in a two-warehouse and two-echelon supply chain

Ghiami, Yousef; Beullens, Patrick

doi:10.1016/j.apm.2020.01.046

Cited by 25 publications

(10 citation statements)

References 34 publications

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“…This study has significant theoretical implications in emerging renewable energy implementation and stock-dependence strategy in sustainable supply chain literature. In practice, organizations believe that displaying a greater quantity of products (such as flowers or vegetables) increases market demand (Zhou and Yang 2005;Ghiami et al, 2020). However, it is observed that the high rate of green technology investment is a severe challenge for organizations to reduce CO2 emission, which increases the overall cost significantly.…”

Section: Theoretical Implicationmentioning

confidence: 99%

“…Further, demand also plays an important role in market expansion since it depends on many factors, including price, quality, guarantee, advertising, a sales promotion campaign, etc. In addition to this, it has also been found that displaying a greater quantity of a product(such as flowers or vegetables) tends to attract more customers (Zhou and Yang 2005;Ghiami et al, 2020). This fact has attracted the attention of many researchers, and they have incorporated stock-dependence criteria into their demand (You and Hsieh 2007;Bardhan et al, 2019;Wen et al, 2019) while designing cost function.…”

Section: Introductionmentioning

confidence: 99%

See 1 more Smart Citation

Modelling Sustainable Supply Chain Process Considering Cost-Sharing and Stock-Dependence Demand Under Uncertain Environment.

Jena¹,

Behera²

2022

Preprint

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Greenhouse gas is one of the major concerns for policymakers and academicians in the modern era. Renewable energy helps to reduce emissions if the industry supply chain is used optimally. Further, there is little understanding of how renewable energy implementation cost and stock dependence simultaneously impact supply chain (SC) profit. Thus, we propose a duopoly sustainable supply chain considering renewable implementation and stock-dependence demand under uncertain environments. A mathematical model is developed for a sustainable supply chain under three scenarios: (i) Renewable energy effort by manufacturer and cost-shared by the retailer (Model M) (ii) Renewable energy effort by retailer and cost-shared by the manufacturer (Model R), and (iii) Renewable energy effort by both retailer and manufacturer and cost-shared by the manufacturer and retailer (Model C). Nash equilibrium was used to find optimal strategies for players under different integrated channels. The result finds that Model M is comparatively better than the other two models as cost-sharing increases. The result additionally establishes that the total profit decreases as the cost of sharing increases in Model C and Model R, whereas it increases in Model M.

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Section: Theoretical Implicationmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

Modelling Sustainable Supply Chain Process Considering Cost-Sharing and Stock-Dependence Demand Under Uncertain Environment.

Jena¹,

Behera²

2022

Preprint

View full text Add to dashboard Cite

show abstract

“…The general formula was better than the conventional EOQ inventory model in which demand depends on stock. Continuous resupply for deteriorating items applies to a firm's net present value for its future cash flow [16].…”

Section: Literature Reviewmentioning

confidence: 99%

Optimizing a Sustainable Supply Chain Inventory Model for Controllable Deterioration and Emission Rates in a Greenhouse Farm

et al. 2021

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This study investigated how greenhouse managers should invest in preservation and green technologies and introduce trade credit to increase their profits. We propose a supply chain inventory model with controllable deterioration and emission rates under payment schemes for shortage and surplus, where demand depends on price and trade credit. Carbon emissions and deterioration are factors affecting global warming, and many greenhouse managers have focused on reducing carbon emissions. Carbon caps and tax-based incentives have been used in many greenhouses to achieve such reduction. Because of the importance of reducing carbon emissions for developing a green supply chain, various studies have investigated how firms deal with carbon emission constraints. In this continuation, we have used green technology to curb the excessive emissions from the environment or make it clean from CO2. In a seller–buyer relationship, the seller can offer a trade credit period to the buyer to manage stock and stimulate demand. Deterioration may become a challenge for most firms as they are under time constraints control, and preservation technology could help. This study proposes three novel inventory strategies for a sustainable supply chain (full backorder, partial backorder, and no backorder), linking all these important issues. The solution optimizes total annual profit for inventory shortage or surplus. We conducted a numerical study with three examples to evaluate the model’s authenticity and effectiveness and demonstrate the solution technique. The deterioration and emission rates can be included in a trade credit policy to increase greenhouse profits. The results suggest that greenhouse managers could apply the proposed model to manage real-world situations.

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“…Khan et al [38] developed a TWI model for aging goods with an automated payment system using all these collaboration ideas. Ghiamia and Beullens [39] examined stock-dependent demand in the case of declining goods for a retailer with TWI, where the retailer attempts to achieve the optimum integrated procurement strategy by cooperation with a supplier. The advantages of both the continuous resupply approach and the widely used approach have been established in the OW and RW literature.…”

Section: Literature Reviewmentioning

confidence: 99%

Fuzzy reverse logistics inventory model of smart items with two warehouses of a retailer considering carbon emissions

2021

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Running the business smoothly for protecting the environment is a significant challenge, on which industries are trying something to do at their level best. Reverse logistics play an important role in system design by reducing environmental consequences and increasing economic and social impacts. Given the recent fluctuations of the market, the production cost and ordering cost are considered triangular fuzzy numbers in this study. Customers' demand is met at the right time, and there is no shortage of items; thus, attention can be paid to two warehouses of a retailer. The setup costs and deterioration costs of this system are affected by the learning effects, which lead to a decrease in the total cost. Inflation is a significant problem in the market because manufacturing, remanufacturing, and retailers are all affected. This study proposes a reverse logistics system model so that customers can resolve their complaints about defective items and carbon emissions under two warehouses. Numerical results show that the fuzzy model is more economically beneficial than the crisp model, finds that the crisp and fuzzy model saw a difference of 0.34% in total cost. Two numerical examples illustrate this study, and a sensitivity analysis is performed using tables and graphs.

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The continuous resupply policy for deteriorating items with stock-dependent observable demand in a two-warehouse and two-echelon supply chain

Cited by 25 publications

References 34 publications

Modelling Sustainable Supply Chain Process Considering Cost-Sharing and Stock-Dependence Demand Under Uncertain Environment.

Modelling Sustainable Supply Chain Process Considering Cost-Sharing and Stock-Dependence Demand Under Uncertain Environment.

Optimizing a Sustainable Supply Chain Inventory Model for Controllable Deterioration and Emission Rates in a Greenhouse Farm

Fuzzy reverse logistics inventory model of smart items with two warehouses of a retailer considering carbon emissions

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