Title :
Two-Echelon Deteriorating Item Supply Chain with Multiple Delivery, Decrease Price and Compensation Policy
Author :
Liour, Y.C. ; Yu, Jonas C P ; Cheng, N.I. ; Chang, S.H.
Author_Institution :
Logistics Manage. Dept., Takming Univ. of Sci. & Technol., Taipei, Taiwan
fDate :
June 30 2009-July 2 2009
Abstract :
In a competitive market environment, business seeks to reduce cost through strategic integration. This study derives an inventory replenishment model for a two-echelon supply chain where the retailer is the leader in product price. We assume market demand is affected by price and the product deterioration. A compensation-policy model is developed to coordinate the two-echelon supply chain system to increase the profits of each player as well as the system. This study maximizes the total profit of the system by a search algorithm. Numerical examples are given to justify the proposed model.
Keywords :
compensation; inventory management; market opportunities; pricing; supply chains; compensation policy; competitive market environment; inventory replenishment; multiple delivery; product price; two-echelon supply chain; Cost function; Integrated circuit packaging; Integrated circuit testing; Logistics; Manufacturing industries; Production; Semiconductor device manufacture; Supply chains; Switches; Technology management; Compensation policy; Inventory replenishment model; Product deterioration; two-echelon supply chain;
Conference_Titel :
New Trends in Information and Service Science, 2009. NISS '09. International Conference on
Conference_Location :
Beijing
Print_ISBN :
978-0-7695-3687-3
DOI :
10.1109/NISS.2009.263
