Integrated Single Vendor Single Buyer Model With Stochastic Demand And Variable Lead Time

Integrated Single Vendor Single Buyer Model With Stochastic Demand And Variable Lead Time. INTERNATIONAL JOURNAL OF PRODUCTION ECONOMICS, 92. pp. 75-80.

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Abstract

In this paper, we consider the single vendor single buyer integrated production inventory problem. We relax the assumption of deterministic demand and assume that the lead time is varying lineraly with the lot size. The lead time is composed of a lot size-dependent run time and constant delay times such as moving, waiting and setup times. A solution procedure is suggested for solving the proposed model and numerical examples are used to illustrate the benefit of integration. A sensitivity analysis is also performed to explore the effect of key parameters on lot size, reorder point, and expected total cost. (C) 2003 Elsevier B.V. All rights reserved.

Item Type: Article
Subjects: Systems
Divisions: College Of Computer Sciences and Engineering > Systems Engineering Dept
Depositing User: MR. ATIQ WALIULLAH SIDDIQUI
Date Deposited: 14 Jun 2008 16:03
Last Modified: 01 Nov 2019 16:44
URI: http://eprints.kfupm.edu.sa/id/eprint/2478