A JOINT EOQ MODEL FOR SUPPLIER AND RETAILER WITH DETERIORATING ITEMS

Chinho Lin () and Yihsu Lin
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Chinho Lin: Department of Industrial and Information Management & Institute of Information Management, National Cheng Kung University, Tainan, Taiwan, ROC
Yihsu Lin: Department of Industrial and Information Management, National Cheng Kung University, Tainan, Taiwan, ROC;

Asia-Pacific Journal of Operational Research (APJOR), 2004, vol. 21, issue 02, 163-178

Abstract: The paper studies the joint inventory model between supplier and retailer relying on mutual cooperation. Unlike other studies, the deteriorated rate and partial back-ordering are consistent with assumptions for dealing with more general cases. Since it is difficult to solve this problem directly, we derived the sufficient and necessary conditions in the planning horizon, and proposed a procedure to find the optimal solution. Numerical examples and sensitivity analyses are also provided to illustrate the solution procedure. The results reveal that the extensions of the model provide a wider and reasonable situation in practice, and that they also reduce the total cost.

Keywords: EOQ; deterioration; joint inventory model (search for similar items in EconPapers)
Date: 2004
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Citations: View citations in EconPapers (2)

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DOI: 10.1142/S0217595904000114

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