IJPAM: Volume 115, No. 5 (2017)

Title

VENDOR-BUYER COORDINATION MODEL WITH
SHORTAGES AND SCREENING PROCESS

Authors

S. Ganesh$^1$, M.K. Vediappan$^2$, K. Srinivasan$^3$
$^1$Department of Mathematics
Sathyabama University
Chennai, 600119, Tamil Nadu, INDIA
$^{2,3}$Department of Mathematics
Vels University
Chennai, 600117, Tamil Nadu, INDIA

Abstract

The paper specifies deterministic inventory model for vendor - buyer with coordination and non coordination situations. In coordinate situation, the vendor provides quantity discount to the buyer for bulk purchase. In both situations total cost is developed for both buyer and vendor and order quantity is determined by analytically tractable solutions. This study is made to determine the optimal order quantity to lesser the total inventory costs. Numerical examples are provided to revels the developed model.

History

Received: April 29, 2017
Revised: May 23, 2017
Published: July 16, 2017

AMS Classification, Key Words

AMS Subject Classification: 90B05, 65K10
Key Words and Phrases: inventory, coordination, order quantity, screening cost

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How to Cite?

DOI: 10.12732/ijpam.v115i5.3 How to cite this paper?

Source: International Journal of Pure and Applied Mathematics
ISSN printed version: 1311-8080
ISSN on-line version: 1314-3395
Year: 2017
Volume: 115
Issue: 5
Pages: 1025 - 1030


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