Vendor-buyer ordering policy when demand is trapezoidal
A joint vendor-buyer strategy is analyzed which is beneficial to both the players in the supply chain. The demand is assumed to be trapezoidal. It is established numerically that the joint venture decreases the total cost of the supply chain when compared with the independent decision of the buyer....
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
Growing Science
2012-10-01
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| Series: | International Journal of Industrial Engineering Computations |
| Subjects: | |
| Online Access: | http://www.growingscience.com/ijiec/Vol3/IJIEC_2012_56.pdf |
| _version_ | 1811224783258386432 |
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| author | Digeshkumar B. Shah Nita H. Shah |
| author_facet | Digeshkumar B. Shah Nita H. Shah |
| author_sort | Digeshkumar B. Shah |
| collection | DOAJ |
| description | A joint vendor-buyer strategy is analyzed which is beneficial to both the players in the supply chain. The demand is assumed to be trapezoidal. It is established numerically that the joint venture decreases the total cost of the supply chain when compared with the independent decision of the buyer. To entice the buyer to order more units, a permissible credit period is offered by the vendor to the buyer. A negotiation factor is incorporated to share the cost savings. |
| first_indexed | 2024-04-12T08:56:03Z |
| format | Article |
| id | doaj.art-532bf2d91b8e420bb11610037a191689 |
| institution | Directory Open Access Journal |
| issn | 1923-2926 1923-2934 |
| language | English |
| last_indexed | 2024-04-12T08:56:03Z |
| publishDate | 2012-10-01 |
| publisher | Growing Science |
| record_format | Article |
| series | International Journal of Industrial Engineering Computations |
| spelling | doaj.art-532bf2d91b8e420bb11610037a1916892022-12-22T03:39:24ZengGrowing ScienceInternational Journal of Industrial Engineering Computations1923-29261923-29342012-10-0135721730Vendor-buyer ordering policy when demand is trapezoidalDigeshkumar B. ShahNita H. ShahA joint vendor-buyer strategy is analyzed which is beneficial to both the players in the supply chain. The demand is assumed to be trapezoidal. It is established numerically that the joint venture decreases the total cost of the supply chain when compared with the independent decision of the buyer. To entice the buyer to order more units, a permissible credit period is offered by the vendor to the buyer. A negotiation factor is incorporated to share the cost savings.http://www.growingscience.com/ijiec/Vol3/IJIEC_2012_56.pdfVendor-buyer joint decisionCredit periodNegotiation factorTrapezoidal demand |
| spellingShingle | Digeshkumar B. Shah Nita H. Shah Vendor-buyer ordering policy when demand is trapezoidal International Journal of Industrial Engineering Computations Vendor-buyer joint decision Credit period Negotiation factor Trapezoidal demand |
| title | Vendor-buyer ordering policy when demand is trapezoidal |
| title_full | Vendor-buyer ordering policy when demand is trapezoidal |
| title_fullStr | Vendor-buyer ordering policy when demand is trapezoidal |
| title_full_unstemmed | Vendor-buyer ordering policy when demand is trapezoidal |
| title_short | Vendor-buyer ordering policy when demand is trapezoidal |
| title_sort | vendor buyer ordering policy when demand is trapezoidal |
| topic | Vendor-buyer joint decision Credit period Negotiation factor Trapezoidal demand |
| url | http://www.growingscience.com/ijiec/Vol3/IJIEC_2012_56.pdf |
| work_keys_str_mv | AT digeshkumarbshah vendorbuyerorderingpolicywhendemandistrapezoidal AT nitahshah vendorbuyerorderingpolicywhendemandistrapezoidal |