scholarly journals A comprehensive extension of an integrated inventory model with ordering cost reduction and permissible delay in payments

2013 ◽  
Vol 37 (7) ◽  
pp. 4709-4716 ◽  
Author(s):  
Kuo-Ren Lou ◽  
Wan-Chih Wang
Keyword(s):  
Cost Reduction ◽  
Inventory Model ◽  
Permissible Delay In Payments ◽  
Integrated Inventory Model ◽  
Integrated Inventory ◽  
Ordering Cost Reduction ◽  
Delay In Payments

scholarly journals Imperfect Reworking Process Consideration in Integrated Inventory Model under Permissible Delay in Payments

2008 ◽  
Vol 2008 ◽  
pp. 1-18 ◽  
Author(s):  
Ming-Cheng Lo ◽  
Ming-Feng Yang
Keyword(s):  
Cost Reduction ◽  
Demand Curve ◽  
Solution Procedure ◽  
Inventory Model ◽  
Selling Price ◽  
Permissible Delay In Payments ◽  
Production Run ◽  
Price Order ◽  
Delay In Payments ◽  
General Demand

This study develops an improved inventory model to help the enterprises to advance their profit increasing and cost reduction in a single vendor single-buyer environment with general demand curve, adjustable production rate, and imperfect reworking process under permissible delay in payments. For advancing practical use in a real world, we are concerned with the following strategy determining, which includes the buyer's optimal selling price, order quantity, and the number of shipments per production run from the vendor to the buyer. An algorithm and numerical analysis are used to illustrate the solution procedure.

An integrated inventory model with variable lead time, defective units and delay in payments

2014 ◽  
Vol 237 ◽  
pp. 650-658 ◽  
Author(s):  
Biswajit Sarkar ◽  
Hiranmoy Gupta ◽  
Kripasindhu Chaudhuri ◽  
Suresh Kumar Goyal
Keyword(s):  
Lead Time ◽  
Inventory Model ◽  
Integrated Inventory Model ◽  
Integrated Inventory ◽  
Delay In Payments

An integrated inventory model involving discrete setup cost reduction, variable safety factor, selling price dependent demand, and investment

2019 ◽  
Vol 53 (1) ◽  
pp. 39-57 ◽  
Author(s):  
Bikash Koli Dey ◽  
Biswajit Sarkar ◽  
Mitali Sarkar ◽  
Sarla Pareek
Keyword(s):  
Safety Factor ◽  
Cost Reduction ◽  
Lead Time ◽  
Integrated Model ◽  
Inventory Model ◽  
Selling Price ◽  
Setup Cost ◽  
Integrated Inventory Model ◽  
Integrated Inventory ◽  
Setup Cost Reduction

This paper develops a sustainable integrated inventory model for maximizing profit with a controllable lead time, discrete setup cost reduction, and consideration of environmental issues. Contrary to the available literature, this paper considers a discrete setup cost for the vendor, thus making the integrated model sustainable. The customer’s demand is assumed to be selling-price dependent to increase the number of sales, and the lead time demand follows a Poisson distribution. The integrated model is used to optimized the total shipment number, volume of shipments, safety factor, investments, selling-price, and probability of moving between the “in-control” to “out-of-control” states. An algorithm is developed to obtain the numerical results. Numerical examples and sensitivity analyses are given to illustrate the model.

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