Volume 20, Issue 2 (6-2023)
jor 2023, 20(2): 49-67 |
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Sadeghi H, Farughi H, Sayedi R. Determining the Optimal Replenishment Policy in an Integrated Vendor–Buyer with Multiple Delivery Policy. jor 2023; 20 (2) :49-67
URL: http://jamlu.liau.ac.ir/article-1-1958-en.html
URL: http://jamlu.liau.ac.ir/article-1-1958-en.html
Department of Industrial Engineering, Kurdistan University, Sanandaj, Iran
Abstract: (433 Views)
This paper examines inventory management in an integrated supply chain that includes a manufacturer and a distributor. The retailer's demand is considered a non-increasing function of the distributor's price, and the manufacturer's selling price is considered a non-decreasing function of the distributor's price. The manufacturer produces the requested products and sends them to the distributor in several steps. In such a case, the distributor and the manufacturer intend to maximize their final and integrated profit. Based on this, the optimal amount of each order and the optimal amount sent by each stage of the manufacturer, the sales price of the distributor, and the producer is determined in such a way that the profit of the system is maximized. In this research, not only the total profit function of this inventory model is presented, but also an innovative heretical approach to determine the optimal solution is presented. Finally, an example is given and its results are analyzed.
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