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An Integrated Vendor-Buyer Model with Stock-Dependent Demand

Research output: Contribution to book/anthology/report/proceedingArticle in proceedingsResearchpeer-review

Standard

An Integrated Vendor-Buyer Model with Stock-Dependent Demand. / Thorstenson, Anders; Sajadieh, Mohsen S.; Akbari Jokar, Mohammad R.

Proceedings of 20th International Conference on Production Research: Science and Technology to Promote Harmonized Production. University of Science and Technology of China Press, 2009.

Research output: Contribution to book/anthology/report/proceedingArticle in proceedingsResearchpeer-review

Harvard

Thorstenson, A, Sajadieh, MS & Akbari Jokar, MR 2009, An Integrated Vendor-Buyer Model with Stock-Dependent Demand. in Proceedings of 20th International Conference on Production Research: Science and Technology to Promote Harmonized Production. University of Science and Technology of China Press, 20th International Conference on Production Research, Shanghai, China, 02/08/2009.

APA

Thorstenson, A., Sajadieh, M. S., & Akbari Jokar, M. R. (2009). An Integrated Vendor-Buyer Model with Stock-Dependent Demand. In Proceedings of 20th International Conference on Production Research: Science and Technology to Promote Harmonized Production University of Science and Technology of China Press.

CBE

Thorstenson A, Sajadieh MS, Akbari Jokar MR. 2009. An Integrated Vendor-Buyer Model with Stock-Dependent Demand. In Proceedings of 20th International Conference on Production Research: Science and Technology to Promote Harmonized Production. University of Science and Technology of China Press.

MLA

Thorstenson, Anders, Mohsen S. Sajadieh and Mohammad R. Akbari Jokar "An Integrated Vendor-Buyer Model with Stock-Dependent Demand". Proceedings of 20th International Conference on Production Research: Science and Technology to Promote Harmonized Production. University of Science and Technology of China Press. 2009.

Vancouver

Thorstenson A, Sajadieh MS, Akbari Jokar MR. An Integrated Vendor-Buyer Model with Stock-Dependent Demand. In Proceedings of 20th International Conference on Production Research: Science and Technology to Promote Harmonized Production. University of Science and Technology of China Press. 2009

Author

Thorstenson, Anders ; Sajadieh, Mohsen S. ; Akbari Jokar, Mohammad R. / An Integrated Vendor-Buyer Model with Stock-Dependent Demand. Proceedings of 20th International Conference on Production Research: Science and Technology to Promote Harmonized Production. University of Science and Technology of China Press, 2009.

Bibtex

@inproceedings{180950c0a0fc11de9fc4000ea68e967b,
title = "An Integrated Vendor-Buyer Model with Stock-Dependent Demand",
abstract = "An integrated vendor-buyer model for a two-stage supply chain is developed and analyzed. The vendor manufactures the product at a finite rate and delivers it in a number of equal-sized batches to the buyer. The items delivered are presented to the end customers in a display area and/or are kept in the buyer's warehouse. The demand is assumed to be positively dependent on the amount of items shown in the display area. The proposed model determines the buyer's optimal shipment quantity and number of shipments, as well as the vendor's optimal production batch. The objective is to maximize total supply-chain profit. The numerical analysis shows that as long as the maximum display area is not used, it is more valuable for the buyer and the vendor to cooperate in situations when the demand is more stock- dependent. It also shows the effect of double marginalization in this integrated vendor-buyer model.",
keywords = "Buyer, Double Marginalization, Integrated, Inventory, Production, Vendor",
author = "Anders Thorstenson and Sajadieh, {Mohsen S.} and {Akbari Jokar}, {Mohammad R.}",
year = "2009",
language = "English",
booktitle = "Proceedings of 20th International Conference on Production Research",
publisher = "University of Science and Technology of China Press",
address = "China",

}

RIS

TY - GEN

T1 - An Integrated Vendor-Buyer Model with Stock-Dependent Demand

AU - Thorstenson, Anders

AU - Sajadieh, Mohsen S.

AU - Akbari Jokar, Mohammad R.

PY - 2009

Y1 - 2009

N2 - An integrated vendor-buyer model for a two-stage supply chain is developed and analyzed. The vendor manufactures the product at a finite rate and delivers it in a number of equal-sized batches to the buyer. The items delivered are presented to the end customers in a display area and/or are kept in the buyer's warehouse. The demand is assumed to be positively dependent on the amount of items shown in the display area. The proposed model determines the buyer's optimal shipment quantity and number of shipments, as well as the vendor's optimal production batch. The objective is to maximize total supply-chain profit. The numerical analysis shows that as long as the maximum display area is not used, it is more valuable for the buyer and the vendor to cooperate in situations when the demand is more stock- dependent. It also shows the effect of double marginalization in this integrated vendor-buyer model.

AB - An integrated vendor-buyer model for a two-stage supply chain is developed and analyzed. The vendor manufactures the product at a finite rate and delivers it in a number of equal-sized batches to the buyer. The items delivered are presented to the end customers in a display area and/or are kept in the buyer's warehouse. The demand is assumed to be positively dependent on the amount of items shown in the display area. The proposed model determines the buyer's optimal shipment quantity and number of shipments, as well as the vendor's optimal production batch. The objective is to maximize total supply-chain profit. The numerical analysis shows that as long as the maximum display area is not used, it is more valuable for the buyer and the vendor to cooperate in situations when the demand is more stock- dependent. It also shows the effect of double marginalization in this integrated vendor-buyer model.

KW - Buyer

KW - Double Marginalization

KW - Integrated

KW - Inventory

KW - Production

KW - Vendor

M3 - Article in proceedings

BT - Proceedings of 20th International Conference on Production Research

PB - University of Science and Technology of China Press

ER -