A joint EOQ model for supplier and retailer with deteriorating items

Chinho Lin, Yihsu Lin

Research output: Contribution to journalArticle

9 Citations (Scopus)

Abstract

The paper studies the joint inventory model between supplier and retailer relying on mutual cooperation. Unlike other studies, the deteriorated rate and partial back-ordering are consistent with assumptions for dealing with more general cases. Since it is difficult to solve this problem directly, we derived the sufficient and necessary conditions in the planning horizon, and proposed a procedure to find the optimal solution. Numerical examples and sensitivity analyses are also provided to illustrate the solution procedure. The results reveal that the extensions of the model provide a wider and reasonable situation in practice, and that they also reduce the total cost.

Original languageEnglish
Pages (from-to)163-178
Number of pages16
JournalAsia-Pacific Journal of Operational Research
Volume21
Issue number2
DOIs
Publication statusPublished - 2004 Jun 1

Fingerprint

Retailers
Suppliers
EOQ model
Deteriorating items
Costs
Planning
Optimal solution
Inventory model

All Science Journal Classification (ASJC) codes

  • Management Science and Operations Research

Cite this

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A joint EOQ model for supplier and retailer with deteriorating items. / Lin, Chinho; Lin, Yihsu.

In: Asia-Pacific Journal of Operational Research, Vol. 21, No. 2, 01.06.2004, p. 163-178.

Research output: Contribution to journalArticle

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