IJPAM: Volume 115, No. 5 (2017)

Title

BUYER-VENDOR MODEL FOR DETERIORATING ITEMS
INVOLVING BACK ORDERS, SCREENING PROCESS
AND TRANSPORTATION COST

Authors

A. Sugirtha Veda Selvi$^1$, M. Ravithammal$^2$,
R. Uthayakumar$^3$, P. Muniappan$^4$
$^{1,2}$Department of Mathematics
Vels University
Chennai, 600117, Tamil Nadu, INDIA
$^3$Department of Mathematics
Gandhigram Rural Institute - Deemed University
Dindigul, 624302, Tamil Nadu, INDIA
$^4$Department of Mathematics
Sathyabam University
Chennai, 600117, Tamil Nadu, INDIA

Abstract

This paper deals with the buyer - vendor inventory replenishment policy for deteriorating items. The inventory situation with backorders, screening process and transportation cost is also analyzed in this paper. In addition, we develop total system cost for equal benefits of both the buyer and the vendor to minimizing annual total relevant cost. Finally, a numerical example is given to illustrate these results and managerial insights are provided.

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, order quantity, transportation cost, screening cost

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How to Cite?

DOI: 10.12732/ijpam.v115i5.4 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: 1031 - 1037


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