Integrated vendor–buyer cooperative inventory models with controllable lead time and ordering cost reduction

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Title:	Integrated vendor–buyer cooperative inventory models with controllable lead time and ordering cost reduction
Authors:	Chang, H. C.;歐陽良裕;Ouyang, Liang-yuh;Wu, K. S.;Ho, C. H.
Contributors:	淡江大學經營決策學系
Keywords:	Inventory;Integrated model;Lead time reduction;Ordering cost reduction
Date:	2006-04-16
Issue Date:	2009-11-30 12:29:01 (UTC+8)
Publisher:	Elsevier
Abstract:	This study deals with the lead time and ordering cost reduction problem in the single-vendor single-buyer integrated inventory model. We consider that buyer lead time can be shortened at an extra crashing cost which depends on the lead time length to be reduced and the ordering lot size. Additionally, buyer ordering cost can be reduced through further investment. Two models are presented in this study. The first model assumes that the ordering cost reduction has no relation to lead time crashing. The second model assumes that the lead time and ordering cost reduction are interacted. An iterative procedure is developed to find the optimal solution and numerical examples are presented to illustrate the results of the proposed models.
Relation:	European Journal of Operational Research 170(2), pp.481-495
DOI:	10.1016/j.ejor.2004.06.029
Appears in Collections:	[Graduate Institute & Department of Business Administration] Journal Article [Department of Management Sciences] Journal Article

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