Integrated Supply Chain for a Single Vendor and Multiple Buyers and Products with Crashing Lead Time
In this study, an integrated inventory model was developed among one vendor, multi buyers, and multi products. The total inventory cost to be minimized in this model is a combination of the vendor’s and the buyers’ total inventory costs. The total vendor inventory costs consist of setup costs an...
| Main Authors: | , , |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
Universitas Indonesia
2020-07-01
|
| Series: | International Journal of Technology |
| Subjects: | |
| Online Access: | https://ijtech.eng.ui.ac.id/article/view/3750 |
| _version_ | 1797966265158991872 |
|---|---|
| author | Kinley Aritonang Marihot Nainggolan Adrianus Vincent Djunaidi |
| author_facet | Kinley Aritonang Marihot Nainggolan Adrianus Vincent Djunaidi |
| author_sort | Kinley Aritonang |
| collection | DOAJ |
| description | In
this study, an integrated inventory model was developed among one vendor, multi
buyers, and multi products. The total inventory cost to be minimized in this
model is a combination of the vendor’s and the buyers’ total inventory costs.
The total vendor inventory costs consist of setup costs and holding costs and
the total inventory cost of the buyer consists of ordering costs, holding
costs, stockout costs, and crashing lead time costs where the crashing lead
time cost is approximated with an exponential function. Three decision
variables will be calculated: the number of buyer orders, the lead time of each
buyer, and the frequency of vendor shipments to all buyers in one production
cycle. In this study, the optimal solution of each decision variable has been
developed and applied to a case to show the use of models for finding optimal
solutions. The sensitivity has also been performed to show the effects of some
factors on the decision variables. |
| first_indexed | 2024-04-11T02:13:01Z |
| format | Article |
| id | doaj.art-8515c8de3f5f495394a4aa8c128ba470 |
| institution | Directory Open Access Journal |
| issn | 2086-9614 2087-2100 |
| language | English |
| last_indexed | 2024-04-11T02:13:01Z |
| publishDate | 2020-07-01 |
| publisher | Universitas Indonesia |
| record_format | Article |
| series | International Journal of Technology |
| spelling | doaj.art-8515c8de3f5f495394a4aa8c128ba4702023-01-03T01:46:55ZengUniversitas IndonesiaInternational Journal of Technology2086-96142087-21002020-07-0111364265110.14716/ijtech.v11i3.37503750Integrated Supply Chain for a Single Vendor and Multiple Buyers and Products with Crashing Lead TimeKinley Aritonang0Marihot Nainggolan1Adrianus Vincent Djunaidi2Department of Industrial Engineering Faculty of Industrial Technology, Universitas Katolik ParahyanganDepartment of Industrial Engineering Faculty of Industrial Technology Universitas Katolik ParahyanganDepartment of Industrial Engineering Faculty of Industrial Technology Universitas Katolik ParahyanganIn this study, an integrated inventory model was developed among one vendor, multi buyers, and multi products. The total inventory cost to be minimized in this model is a combination of the vendor’s and the buyers’ total inventory costs. The total vendor inventory costs consist of setup costs and holding costs and the total inventory cost of the buyer consists of ordering costs, holding costs, stockout costs, and crashing lead time costs where the crashing lead time cost is approximated with an exponential function. Three decision variables will be calculated: the number of buyer orders, the lead time of each buyer, and the frequency of vendor shipments to all buyers in one production cycle. In this study, the optimal solution of each decision variable has been developed and applied to a case to show the use of models for finding optimal solutions. The sensitivity has also been performed to show the effects of some factors on the decision variables.https://ijtech.eng.ui.ac.id/article/view/3750crashing lead timeintegrated inventory modelinventory managementmulti productsmulti buyers |
| spellingShingle | Kinley Aritonang Marihot Nainggolan Adrianus Vincent Djunaidi Integrated Supply Chain for a Single Vendor and Multiple Buyers and Products with Crashing Lead Time International Journal of Technology crashing lead time integrated inventory model inventory management multi products multi buyers |
| title | Integrated Supply Chain for a Single Vendor and Multiple Buyers and Products with Crashing Lead Time |
| title_full | Integrated Supply Chain for a Single Vendor and Multiple Buyers and Products with Crashing Lead Time |
| title_fullStr | Integrated Supply Chain for a Single Vendor and Multiple Buyers and Products with Crashing Lead Time |
| title_full_unstemmed | Integrated Supply Chain for a Single Vendor and Multiple Buyers and Products with Crashing Lead Time |
| title_short | Integrated Supply Chain for a Single Vendor and Multiple Buyers and Products with Crashing Lead Time |
| title_sort | integrated supply chain for a single vendor and multiple buyers and products with crashing lead time |
| topic | crashing lead time integrated inventory model inventory management multi products multi buyers |
| url | https://ijtech.eng.ui.ac.id/article/view/3750 |
| work_keys_str_mv | AT kinleyaritonang integratedsupplychainforasinglevendorandmultiplebuyersandproductswithcrashingleadtime AT marihotnainggolan integratedsupplychainforasinglevendorandmultiplebuyersandproductswithcrashingleadtime AT adrianusvincentdjunaidi integratedsupplychainforasinglevendorandmultiplebuyersandproductswithcrashingleadtime |