A win‐win strategy for an integrated vendor‐buyer deteriorating inventory system
An integrated approach considering the view of both the buyer and the vendor is discussed in this study. It can be shown numerically that the integrated approach results in an impressive cost reduction when compared with an independent decision approach by the buyer. Although the integrated tot...
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Vilnius Gediminas Technical University
2006-03-01
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| Series: | Mathematical Modelling and Analysis |
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| Online Access: | https://journals.vgtu.lt/index.php/MMA/article/view/9603 |
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doaj-1d0efa422c3c4e39a611976a311ba21f2021-07-02T14:38:34ZengVilnius Gediminas Technical UniversityMathematical Modelling and Analysis1392-62921648-35102006-03-0111110.3846/13926292.2006.9637306A win‐win strategy for an integrated vendor‐buyer deteriorating inventory systemP. C. Yang0Industrial Engineering and Management Department , St. John's & St. Mary's Institute of Technology , Taipei, Tamsui, 25135, ROC An integrated approach considering the view of both the buyer and the vendor is discussed in this study. It can be shown numerically that the integrated approach results in an impressive cost reduction when compared with an independent decision approach by the buyer. Although the integrated total cost decreases, the buyer's cost increases due to larger orders. To entice the buyer to accept larger order quantity, a permissible delay in payment is offered by the vendor to the buyer. A negotiation factor is also incorporated to share the benefits. First Published Online: 14 Oct 2010 https://journals.vgtu.lt/index.php/MMA/article/view/9603- |
| collection |
DOAJ |
| language |
English |
| format |
Article |
| sources |
DOAJ |
| author |
P. C. Yang |
| spellingShingle |
P. C. Yang A win‐win strategy for an integrated vendor‐buyer deteriorating inventory system Mathematical Modelling and Analysis - |
| author_facet |
P. C. Yang |
| author_sort |
P. C. Yang |
| title |
A win‐win strategy for an integrated vendor‐buyer deteriorating inventory system |
| title_short |
A win‐win strategy for an integrated vendor‐buyer deteriorating inventory system |
| title_full |
A win‐win strategy for an integrated vendor‐buyer deteriorating inventory system |
| title_fullStr |
A win‐win strategy for an integrated vendor‐buyer deteriorating inventory system |
| title_full_unstemmed |
A win‐win strategy for an integrated vendor‐buyer deteriorating inventory system |
| title_sort |
win‐win strategy for an integrated vendor‐buyer deteriorating inventory system |
| publisher |
Vilnius Gediminas Technical University |
| series |
Mathematical Modelling and Analysis |
| issn |
1392-6292 1648-3510 |
| publishDate |
2006-03-01 |
| description |
An integrated approach considering the view of both the buyer and the vendor is discussed in this study. It can be shown numerically that the integrated approach results in an impressive cost reduction when compared with an independent decision approach by the buyer. Although the integrated total cost decreases, the buyer's cost increases due to larger orders. To entice the buyer to accept larger order quantity, a permissible delay in payment is offered by the vendor to the buyer. A negotiation factor is also incorporated to share the benefits.
First Published Online: 14 Oct 2010
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| topic |
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| url |
https://journals.vgtu.lt/index.php/MMA/article/view/9603 |
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