A generalized quantity discount pricing model to increase supplier's profits
Management Science
An optimal joint buyer-seller discount pricing model
Computers and Operations Research
An inventory model for deteriorating items
Computers and Industrial Engineering
Economic production lot size model for deteriorating items with partial back-ordering
Computers and Industrial Engineering
Computers and Operations Research
Expert Systems with Applications: An International Journal
Optimal payment time with deteriorating items under inflation and permissible delay in payments
International Journal of Systems Science
Proceedings of the 2010 conference on Bridging the Socio-technical Gap in Decision Support Systems: Challenges for the Next Decade
Computers and Industrial Engineering
International Journal of Data Analysis Techniques and Strategies
Economic order quantity model for deteriorating items with planned backorder level
Mathematical and Computer Modelling: An International Journal
Economic production quantity models for deteriorating/imperfect products and service with rework
Computers and Industrial Engineering
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A collaborative inventory system of single vendor and single buyer is developed to maximize the total profit of the whole system. However, the optimal solution for the whole system is not always beneficial to both players. To ensure mutual benefit, a negotiation factor is incorporated to share the profit between the two players according to their contributions. The permissible delay in payment is a win-win strategy for sharing profit in the collaborative system. A deteriorating inventory model with finite replenishment rate and price sensitive demand is assumed to occur in a high-tech, short life cycle and perishable electronic product. A numerical example is provided to illustrate our models. The sensitivity analysis of the demand rate, replenishment rate, deterioration factor, and other related parameters shows that the percentage extra total profit is significant when both the collaboration strategy and the deterioration factor are considered.