English, Article edition: OPTIMAL REPLENISHMENT POLICY FOR AN INTEGRATED SUPPLIERâBUYER DETERIORATING INVENTORY MODEL CONSIDERING MULTIPLE JIT DELIVERY AND OTHER COST FUNCTIONS CHUN-JEN CHUNG; HUI-MING WEE

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Bookmark: http://trove.nla.gov.au/version/131636
Physical Description
  • article
Language
  • English

Edition details

Title
  • OPTIMAL REPLENISHMENT POLICY FOR AN INTEGRATED SUPPLIERâBUYER DETERIORATING INVENTORY MODEL CONSIDERING MULTIPLE JIT DELIVERY AND OTHER COST FUNCTIONS
Author
  • CHUN-JEN CHUNG
  • HUI-MING WEE
Physical Description
  • article
Notes
  • This study develops an integrated deteriorating inventory policy for a single-buyerâsingle-supplier model with multiple JIT deliveries considering the transportation cost, inspection cost and the cost of less flexibility. Distinct from the former concept of average inventory level, our paper proposes a significantly different approach to deal with the first production batch and uses a revised method to approximate the relationship between the supplier's production time and the storage time. We provide a rigorous analysis to derive the number of inspection and deliveries, the optimal cycle time of deliveries, and the delivery size for the replenishment policy of the integrated buyerâsupplier inventory deteriorating model. It is shown that the unit inspection cost is one of the critical factors affecting the deteriorating inventory model. A numerical example is presented to illustrate the theory.
  • Integrated deteriorating model, JIT delivery, production and inventory, flexibility, inspection
  • RePEc:wsi:apjorx:v:24:y:2007:i:01:p:125-145
Language
  • English
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