A comment: "Integrated single vendor-single buyer model with stochastic demand and variable lead time"

Christoph H. Glock

International Journal of Production Economics, 2009, vol. 122, issue 2, 790-792

Abstract: Ben-Daya and Hariga [2004. Integrated single vendor single buyer model with stochastic demand and variable lead time. International Journal of Production Economics 92, 75-80] proposed a single vendor-single buyer integrated inventory model where they assumed that the vendor delivers the lot in equal-sized batch shipments to the buyer. In this note, we modify the model proposed by Ben-Daya and Hariga to permit batch shipments increasing by a fixed factor. We show that it is necessary to consider different reorder-points for each batch shipment and illustrate the benefit of considering unequal-sized batch shipments in a numerical example.

Keywords: Integrated; inventory; Single; vendor-single; buyer; Variable; lead; time; Stochastic; demand; Supply; chain; coordination (search for similar items in EconPapers)
Date: 2009
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Citations: View citations in EconPapers (12)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:proeco:v:122:y:2009:i:2:p:790-792

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