Integrated inventory models considering the two-level trade credit policy and a price-negotiation scheme

Liang-Hsuan Chen, Fu Sen Kang

研究成果: Article同行評審

76 引文 斯高帕斯(Scopus)

摘要

This paper develops the integrated inventory models with permissible delay in payment, in which customers' demand is sensitive to the buyer's price. The models consider the two-level trade credit policy in the vendor-buyer and buyer-customer relationships in supply chain management. A simple recursive solution procedure is proposed for the integrated models to determine the buyer's optimal pricing and production/order strategy. Although the total profit from the buyer and vendor increases together, the buyer's share lessens. To compensate the buyer's loss due to the cooperative relationship, a negotiation system is presented in order to allocate the profit increase to the vendor and buyer to determine the pricing and production/order strategy. A numerical example and sensitivity analysis are provided to illustrate the proposed model. The results indicate that the total profit from the buyer and vendor together can increase, although a price discount is given to the buyer in the proposed models.

原文English
頁(從 - 到)47-58
頁數12
期刊European Journal of Operational Research
205
發行號1
DOIs
出版狀態Published - 2010 8月 16

All Science Journal Classification (ASJC) codes

  • 一般電腦科學
  • 建模與模擬
  • 管理科學與經營研究
  • 資訊系統與管理

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