Comments on “A quantity discount pricing model to increase vendor profits”
Management Science
Quantity discounts using a joint lot size model under learning effects—single buyer case
Computers and Industrial Engineering
Supplier selection and order lot sizing modeling: A review
Computers and Operations Research
Coordinated ordering decisions for products with short lifecycle and variable selling price
Computers and Industrial Engineering
Computers and Industrial Engineering
Computers & Mathematics with Applications
Single sourcing versus dual sourcing under conditions of learning
Computers and Industrial Engineering
Supply chain system design integrated with risk pooling
Computers and Industrial Engineering
A multi-stage joint economic lot size model with lead time penalty costs
Computers and Industrial Engineering
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Supply chain management is concerned with the coordination of material and information flows in multi-stage production systems. A closer look at the literature reveals that previous research on the coordination of multi-stage production systems has predominantly focused on the sales side of the supply chain, whereas problems that arise on the supply side have often been neglected. This article closes this gap by studying the coordination of a supplier network in an integrated inventory model. Specifically, we consider a buyer sourcing a product from heterogeneous suppliers and tackle both the supplier selection and lot size decision with the objective to minimise total system costs. First, we provide mathematical formulations for the problem under study, and then suggest a two-stage solution procedure to derive a solution. Numerical studies indicate that our solution procedure reduces the total number of supplier combinations that have to be tested for optimality, and that it may support initiatives which aim on increasing the efficiency of the supply chain as a heuristic planning tool.