An integrated inventory model with ordering cost and setup cost reductions under just-in-time purchasing

2010 ◽  
Vol 31 (4) ◽  
pp. 897-912
Author(s):  
Jin-Shan Yang ◽  
Jen-Shiang Chen ◽  
Jason Chao-Hsien Pan
Keyword(s):  
Inventory Model ◽  
Just In Time ◽  
Setup Cost ◽  
Integrated Inventory Model ◽  
Cost Reductions ◽  
Integrated Inventory

scholarly journals A Stackelberg Game Approach in an Integrated Inventory Model with Carbon-Emission and Setup Cost Reduction

2016 ◽  
Vol 8 (12) ◽  
pp. 1244 ◽  
Author(s):  
Biswajit Sarkar ◽  
Sharmila Saren ◽  
Mitali Sarkar ◽  
Yong Seo
Keyword(s):  
Cost Reduction ◽  
Carbon Emission ◽  
Stackelberg Game ◽  
Inventory Model ◽  
Setup Cost ◽  
Integrated Inventory Model ◽  
Integrated Inventory ◽  
Setup Cost Reduction

An integrated inventory model involving discrete setup cost reduction, variable safety factor, selling price dependent demand, and investment

2019 ◽  
Vol 53 (1) ◽  
pp. 39-57 ◽  
Author(s):  
Bikash Koli Dey ◽  
Biswajit Sarkar ◽  
Mitali Sarkar ◽  
Sarla Pareek
Keyword(s):  
Safety Factor ◽  
Cost Reduction ◽  
Lead Time ◽  
Integrated Model ◽  
Inventory Model ◽  
Selling Price ◽  
Setup Cost ◽  
Integrated Inventory Model ◽  
Integrated Inventory ◽  
Setup Cost Reduction

This paper develops a sustainable integrated inventory model for maximizing profit with a controllable lead time, discrete setup cost reduction, and consideration of environmental issues. Contrary to the available literature, this paper considers a discrete setup cost for the vendor, thus making the integrated model sustainable. The customer’s demand is assumed to be selling-price dependent to increase the number of sales, and the lead time demand follows a Poisson distribution. The integrated model is used to optimized the total shipment number, volume of shipments, safety factor, investments, selling-price, and probability of moving between the “in-control” to “out-of-control” states. An algorithm is developed to obtain the numerical results. Numerical examples and sensitivity analyses are given to illustrate the model.

Sign in / Sign up

Export Citation Format

Share Document