A collaborating inventory model in a supply chain |
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Authors: | Shib Sankar Sana |
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Affiliation: | Department of Mathematics, Bhangar Mahavidyalaya, University of Calcutta , Bhangar-743502, 24PGS(South), West Bengal, India |
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Abstract: | The present article investigates an economic order quantity/ economic production quantity model in three-layer (manufacturer, vendor and retailer) supply chain management. In each stage, the products may undergo non-conforming quality items which have less value in the market. This model maximizes a collaborating expected profit function while production rate, order quantity, number of shipments with equal sizes are decision variables and unit production cost is a function of production rate. Numerical example is illustrated to test the model. |
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Keywords: | Inventory Supply chain Imperfect Production |
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