A stochastic periodic review inventory model for vendor–buyer system with setup cost reduction and service–level constraint
This paper presents a joint economic lot-sizing problem under stochastic demand for a vendor–buyer system by synchronizing ordering and production cycles. The buyer manages its inventory periodically using a periodic review policy. The average demand and the buyer’s ordering cost are assumed to be f...
| Main Authors: | , |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
Taylor & Francis Group
2017-01-01
|
| Series: | Production and Manufacturing Research: An Open Access Journal |
| Subjects: | |
| Online Access: | http://dx.doi.org/10.1080/21693277.2017.1401965 |