NDLI: Integrated vendor–buyer cooperative inventory model with controllable lead time, ordering cost reduction, and service-level constraint

Content Provider	Springer Nature Link
Author	Shahpouri, Sara Fattahi, Parviz Arkan, Ali Parsa, Kia
Copyright Year	2012
Abstract	In this study, an integrated vendor–buyer inventory model is proposed. The vendor produces a product in a batch environment and delivers it to a buyer facing normally distributed demand. In the current study, several assumptions are used that the combination of these assumptions has not been studied in previous papers. Here is the list of these assumptions: service-level constraint instead of shortage cost is used; ordering cost reduction is allowed, and decreasing lead time by a cost dependent on two factors including shortened lead time and ordering quantity is considered. An algorithm is developed to obtain the optimal solution of the proposed model. A numerical example is included to illustrate the results of the model. Also, the effects of assumptions used in this paper are evaluated and discussed.
Starting Page	657
Ending Page	666
Page Count	10
File Format	PDF
ISSN	02683768
Journal	The International Journal of Advanced Manufacturing Technology
Volume Number	65
Issue Number	5-8
e-ISSN	14333015
Language	English
Publisher	Springer-Verlag
Publisher Date	2012-05-12
Publisher Place	London
Access Restriction	One Nation One Subscription (ONOS)
Subject Keyword	Integrated inventory model Controllable lead time Ordering cost reduction Service-level constraint Industrial and Production Engineering Production/Logistics/Supply Chain Mechanical Engineering Computer-Aided Engineering (CAD, CAE) and Design
Content Type	Text
Resource Type	Article
Subject	Industrial and Manufacturing Engineering Control and Systems Engineering Mechanical Engineering Computer Science Applications Software

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