A single-vendor multi-buyer integrated production-inventory system with stock-dependent demand
Document Type
Article
Publication Date
1-1-2018
Abstract
In this paper, a manufacturing system is considered, in which a single vendor procures raw material from a single supplier through single/multiple procurement, processes the material to make finished products and ships the products to multiple buyers in single/multiple shipments who then store them in warehouses before presenting the products to end customers in display areas with single/multiple transfers. The demand rate is assumed to be positively dependent on the level of items displayed. A mathematical model for this problem is developed, the effectiveness of the model is illustrated and a sensitivity analysis of the optimal solution with respect to different sets of parameter is presented with numerical example.
Keywords
Inventory, stock-dependent demand, integrated, single vendor, multiple buyers
Divisions
MathematicalSciences
Funders
University Malaya Research Grant [grant number RP009D-13AFR]
Publication Title
International Journal of Systems Science: Operations & Logistics
Volume
5
Issue
3
Publisher
Taylor & Francis