A cooperative inventory policy between supplier and buyer is proposed. Unlike other studies, we consider the case of deteriorating items and permit the completed back-order in the problem. We solve the problem without the condition of equal replenishments periods during a specified planning horizon and present a procedure to find the optimal solution. A case is presented to demonstrate the application of the proposed approach. The sensitivity analysis for a cooperation policy between supplier and buyer also are explored.
All Science Journal Classification (ASJC) codes
- Computer Science(all)
- Modelling and Simulation
- Management Science and Operations Research
- Information Systems and Management