An integrated inventory location model considering all-unit quantity discount
One of the recent areas in distribution network design is integrated inventory location problems, which jointly determines the inventory control decisions and facility location decisions of a distribution network. A typical distribution network consists of suppliers, several retailers, and several d...
| Main Authors: | , , , |
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| Format: | Article |
| Language: | English |
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Academic Journals
2011
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| Online Access: | http://psasir.upm.edu.my/id/eprint/23184/1/23184.pdf |
| _version_ | 1796970309128028160 |
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| author | Tang, Sai Hong Firoozi, Zahra Mohd Ariffin, Mohd Khairol Anuar Ariafar, Shahram |
| author_facet | Tang, Sai Hong Firoozi, Zahra Mohd Ariffin, Mohd Khairol Anuar Ariafar, Shahram |
| author_sort | Tang, Sai Hong |
| collection | UPM |
| description | One of the recent areas in distribution network design is integrated inventory location problems, which jointly determines the inventory control decisions and facility location decisions of a distribution network. A typical distribution network consists of suppliers, several retailers, and several distribution centers. Distribution centers order products from suppliers to fulfil demands of retailers. To achieve risk pooling benefits, inventory of several retailers is aggregated into one distribution center. This situation has made distribution centers more likely to take the advantage of quantity discount from suppliers. However, most previous models have investigated the problem under the basic economic order quantity EOQ with (Q, r) inventory policy and yet quantity discount has not been considered. This paper shows that considering quantity discount instead of EOQ policy can reduce the total cost and change the optimal configuration of the networks. |
| first_indexed | 2024-03-06T07:56:08Z |
| format | Article |
| id | upm.eprints-23184 |
| institution | Universiti Putra Malaysia |
| language | English |
| last_indexed | 2024-03-06T07:56:08Z |
| publishDate | 2011 |
| publisher | Academic Journals |
| record_format | dspace |
| spelling | upm.eprints-231842017-11-16T04:08:30Z http://psasir.upm.edu.my/id/eprint/23184/ An integrated inventory location model considering all-unit quantity discount Tang, Sai Hong Firoozi, Zahra Mohd Ariffin, Mohd Khairol Anuar Ariafar, Shahram One of the recent areas in distribution network design is integrated inventory location problems, which jointly determines the inventory control decisions and facility location decisions of a distribution network. A typical distribution network consists of suppliers, several retailers, and several distribution centers. Distribution centers order products from suppliers to fulfil demands of retailers. To achieve risk pooling benefits, inventory of several retailers is aggregated into one distribution center. This situation has made distribution centers more likely to take the advantage of quantity discount from suppliers. However, most previous models have investigated the problem under the basic economic order quantity EOQ with (Q, r) inventory policy and yet quantity discount has not been considered. This paper shows that considering quantity discount instead of EOQ policy can reduce the total cost and change the optimal configuration of the networks. Academic Journals 2011 Article PeerReviewed application/pdf en http://psasir.upm.edu.my/id/eprint/23184/1/23184.pdf Tang, Sai Hong and Firoozi, Zahra and Mohd Ariffin, Mohd Khairol Anuar and Ariafar, Shahram (2011) An integrated inventory location model considering all-unit quantity discount. African Journal of Business Management, 5 (27). art. no. 047B24816698. pp. 10965-10971. ISSN 1993-8233 http://www.academicjournals.org/journal/AJBM/article-abstract/047B24816698 10.5897/AJBM10.1214 |
| spellingShingle | Tang, Sai Hong Firoozi, Zahra Mohd Ariffin, Mohd Khairol Anuar Ariafar, Shahram An integrated inventory location model considering all-unit quantity discount |
| title | An integrated inventory location model considering all-unit quantity discount |
| title_full | An integrated inventory location model considering all-unit quantity discount |
| title_fullStr | An integrated inventory location model considering all-unit quantity discount |
| title_full_unstemmed | An integrated inventory location model considering all-unit quantity discount |
| title_short | An integrated inventory location model considering all-unit quantity discount |
| title_sort | integrated inventory location model considering all unit quantity discount |
| url | http://psasir.upm.edu.my/id/eprint/23184/1/23184.pdf |
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