Aarhus University Seal / Aarhus Universitets segl

An integrated vendor-buyer model with stock-dependent demand

Research output: Working paperResearch

Standard

An integrated vendor-buyer model with stock-dependent demand. / Sajadieh, Mohsen S.; Thorstenson, Anders; Akbari Jokar, Mohammad R.

Aarhus : Aarhus School of Business, Aarhus University, Department of Business Studies, 2009.

Research output: Working paperResearch

Harvard

Sajadieh, MS, Thorstenson, A & Akbari Jokar, MR 2009 'An integrated vendor-buyer model with stock-dependent demand' Aarhus School of Business, Aarhus University, Department of Business Studies, Aarhus.

APA

Sajadieh, M. S., Thorstenson, A., & Akbari Jokar, M. R. (2009). An integrated vendor-buyer model with stock-dependent demand. Aarhus: Aarhus School of Business, Aarhus University, Department of Business Studies.

CBE

Sajadieh MS, Thorstenson A, Akbari Jokar MR. 2009. An integrated vendor-buyer model with stock-dependent demand. Aarhus: Aarhus School of Business, Aarhus University, Department of Business Studies.

MLA

Sajadieh, Mohsen S., Anders Thorstenson and Mohammad R. Akbari Jokar An integrated vendor-buyer model with stock-dependent demand. Aarhus: Aarhus School of Business, Aarhus University, Department of Business Studies. 2009., 37 p.

Vancouver

Sajadieh MS, Thorstenson A, Akbari Jokar MR. An integrated vendor-buyer model with stock-dependent demand. Aarhus: Aarhus School of Business, Aarhus University, Department of Business Studies. 2009.

Author

Sajadieh, Mohsen S. ; Thorstenson, Anders ; Akbari Jokar, Mohammad R. / An integrated vendor-buyer model with stock-dependent demand. Aarhus : Aarhus School of Business, Aarhus University, Department of Business Studies, 2009.

Bibtex

@techreport{314814c0a45011de8a84000ea68e967b,
title = "An integrated vendor-buyer model with stock-dependent demand",
abstract = "We develop an integrated vendor-buyer model for a two-stage supply chain. 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 kept in the buyer's warehouse and are then presented to the end customers in a display area. The end-customer demand is assumed to be positively dependent on the amount of items shown in the display area. With the proposed model we determine 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 it is more profitable for the buyer and the vendor to cooperate in situations when the demand is more stock-dependent. The analysis also shows the effect of double marginalization in this integrated vendor-buyer model.",
keywords = "Batch productions, Double marginalization, Inventory, Integrated vendor-buyer model, stock-dependent demand",
author = "Sajadieh, {Mohsen S.} and Anders Thorstenson and {Akbari Jokar}, {Mohammad R.}",
year = "2009",
language = "English",
publisher = "Aarhus School of Business, Aarhus University, Department of Business Studies",
type = "WorkingPaper",
institution = "Aarhus School of Business, Aarhus University, Department of Business Studies",

}

RIS

TY - UNPB

T1 - An integrated vendor-buyer model with stock-dependent demand

AU - Sajadieh, Mohsen S.

AU - Thorstenson, Anders

AU - Akbari Jokar, Mohammad R.

PY - 2009

Y1 - 2009

N2 - We develop an integrated vendor-buyer model for a two-stage supply chain. 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 kept in the buyer's warehouse and are then presented to the end customers in a display area. The end-customer demand is assumed to be positively dependent on the amount of items shown in the display area. With the proposed model we determine 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 it is more profitable for the buyer and the vendor to cooperate in situations when the demand is more stock-dependent. The analysis also shows the effect of double marginalization in this integrated vendor-buyer model.

AB - We develop an integrated vendor-buyer model for a two-stage supply chain. 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 kept in the buyer's warehouse and are then presented to the end customers in a display area. The end-customer demand is assumed to be positively dependent on the amount of items shown in the display area. With the proposed model we determine 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 it is more profitable for the buyer and the vendor to cooperate in situations when the demand is more stock-dependent. The analysis also shows the effect of double marginalization in this integrated vendor-buyer model.

KW - Batch productions

KW - Double marginalization

KW - Inventory

KW - Integrated vendor-buyer model

KW - stock-dependent demand

M3 - Working paper

BT - An integrated vendor-buyer model with stock-dependent demand

PB - Aarhus School of Business, Aarhus University, Department of Business Studies

CY - Aarhus

ER -