Optimal Policies for Time-Varying Deteriorating Item with Preservation Technology Under Selling Price and Trade Credit Dependent Quadratic Demand in a Supply Chain

被引：0

作者：

Shah N.H. ^{[1
]}

Chaudhari U. ^{[2
]}

Jani M.Y. ^{[2
]}

机构：

[1] Department of Mathematics, Gujarat University, Ahmedabad, 380009, Gujarat

[2] Department of Applied Sciences, Faculty of Engineering and Technology, Parul University, Vadodara, 391760, Gujarat

来源：

International Journal of Applied and Computational Mathematics | 2017年 / 3卷 / 2期

关键词：

Deterioration; Fixed life-time; Preservation technology investment; Profit sharing; Trade credit period; Two level supply chain;

D O I：

10.1007/s40819-016-0141-3

中图分类号：

学科分类号：

摘要：

This article deals with a two level supply chain comprising of single manufacturer and single retailer who sells single product which is deteriorating in nature. The deterioration is time dependent. The retailer invests capitals on preservation technology to preserve the item and reduce deterioration rate in the inventory. The manufacturer offers a trade credit period to the retailer with the contract that retailer has to share fraction of profit earned by the retailer during the credit limit. On the other hand, retailer offers a partial trade credit to the customer which is less than that of the manufacturer. Furthermore, retailer takes loan from the bank to settle down all the payments. The classical optimization is used to optimize the total profit of the supply chain with respect to selling price, cycle time, two level permissible delay and investment for preservation technology. The model is supported with numerical examples and also established best scenario of the model. Sensitivity analysis is done to deduce decision-making insights. © 2016, Springer India Pvt. Ltd.

引用

页码：363 / 379

页数：16

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