An Integrated Inventory Model for Vendor and Buyer


  •  Zhiguang Zhang    

Abstract

An integrated inventory model for vendor and buyer is presented in this paper. Based on the integrated expected total relevant costs of both buyer and vendor, we obtain the optimal values of reorder point, order quantity, and number of shipments. Numerical example shows the model is effective, and it is also used to analyze the savings in joint total cost over individually derived policies.



This work is licensed under a Creative Commons Attribution 4.0 License.
  • Issn(Print): 1913-1844
  • Issn(Onlne): 1913-1852
  • Started: 2007
  • Frequency: monthly

Journal Metrics

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Google-based Impact Factor (2018): 6.49

h-index (January 2018): 30

i10-index (January 2018): 163

h5-index (January 2018): 19

h5-median(January 2018): 25

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