Open AccessOptimum buyer-vendor inventory model with coordination and price breaks
Author(s) -
A. Mohamed Ismail,
P. Muniappan,
C. K. Kirubhashankar
Publication year - 2021
Publication title -
journal of physics. conference series
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.21
H-Index - 85
eISSN - 1742-6596
pISSN - 1742-6588
DOI - 10.1088/1742-6596/1770/1/012104
Subject(s) - vendor , lagrange multiplier , operations research , multiplier (economics) , vendor managed inventory , product (mathematics) , production (economics) , inventory theory , computer science , inventory control , operations management , business , mathematical optimization , economics , microeconomics , supply chain , engineering , marketing , mathematics , supply chain management , geometry , macroeconomics
This study develop optimum inventory model for buyer-vendor with coordination and price breaks situation. We develop the production inventory model with screening for deteriorating product and disposed for damaged items. The coordination strategy the buyer takes decision for the damaged products. Integrated inventory total cost is developed for system optimum values are found by using Lagrange’s multiplier technique. Various examples are given to illustrate the developed model.