A vendor–buyer integrated production-inventory model with quantity discount and unequal sized shipments. (1st January 2013)

• Record Type: Journal Article
• Authors: Giri, B.C.; Roy, B.
• Is Part Of: International journal of operational research. Volume 16:Number 1(2013)
• Page Start: 1
• Page End: 13
• Publication Date: 2013-01-01
• Subjects: inventory -- vendor–buyer -- quantity discount -- unequal shipments; Operations research -- Periodicals; 003.05
• Languages: English
• ISSNs: 1745-7645

Abstract

This paper considers a single-vendor single-buyer integrated production-inventory model for a single product. The vendor offers a quantity discount to motivate the buyer to buy more quantities and he delivers the buyer's order quantity in a number of unequal sized shipments. The proposed model is formulated and the optimal decisions are obtained by minimising the average total cost of the integrated system. A numerical example is taken to illustrate the developed model.