Optimisation on a constrained integrated supply chain for multiple steel products with investment and freight cost discount

S. Tharani and R. Uthayakumar

International Journal of Mathematics in Operational Research, 2023, vol. 24, issue 1, 78-103

Abstract: This paper intends to help the reader to understand a new inventory control model for steel products. This model introduces a steel marketing supply chain between a manufacturer and a merchant with multiple steel products. The purpose of this work is to influence a price discount on backorder for the merchant, ordering cost reduction and setup cost reduction, proceeding with the cogitation of discount on freight cost. We hold the freight cost to be a function of the order's quantity, and it is to be in the format of all-unit-discount costs. We thus assimilate freight costs into the system comprehensively and straightforwardly and have worked out the optimal solution procedures for working with the posed inventory model. A numerical example and sensitivity analyses are also carried out to demonstrate the study's implementations and performances.

Keywords: multiple steel products; investment; price discount; freight cost. (search for similar items in EconPapers)
Date: 2023
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