Abstract

This paper describes an optimal methodology for consignment inventory based supply chain with variable controllable lead times comprising a two-level supply chain involving one vendor and multi buyers. It evaluates joint total expected cost of vendor and buyer, simultaneously optimize quantitative decision variables and illustrates the significance of production to demand ratio. Numerical examples are presented to illustrate the benefit of the proposed model and the effects of changes on the cost and parameters are studied.

Full Text
Paper version not known

Talk to us

Join us for a 30 min session where you can share your feedback and ask us any queries you have

Schedule a call

Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.