TY - JOUR
T1 - A joint EOQ model for supplier and retailer with deteriorating items
AU - Lin, Chinho
AU - Lin, Yihsu
N1 - Funding Information:
The authors wish to thank both the Editor and the anonymous referees for their precious suggestions, which contributed to the improvement of the presentation of this paper. This work was supported by National Science Council, Taiwan, ROC, under Grant NSC90-2218-E006-028.
PY - 2004/6
Y1 - 2004/6
N2 - 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.
AB - 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.
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U2 - 10.1142/S0217595904000114
DO - 10.1142/S0217595904000114
M3 - Article
AN - SCOPUS:4444338623
VL - 21
SP - 163
EP - 178
JO - Asia-Pacific Journal of Operational Research
JF - Asia-Pacific Journal of Operational Research
SN - 0217-5959
IS - 2
ER -