We found a match
Your institution may have access to this item. Find your institution then sign in to continue.
- Title
Interactive Inventory Model under Permissible Delay and Imprecision.
- Authors
Tripathy, P. K.; Sukla, Sujata
- Abstract
Current study develops a trade credit system between supplier and buyer where demand is assumed to be time dependent and deterioration follows weibull distribution. Shortages are allowed and excess demand is backlogged. The parameters involved in the supply chain system may likely to be varied due to the changing business environment. Therefore, it will be more realistic and market friendly to deal with fuzzy model rather than crisp model. Here the optimal solution is attained for different periods of permissible delay as furnished by the seller to the buyer. Sensitivity analysis is incorporated to investigate the effect of different system parameters in enhancing the profit. The study can make the supply chain strategy of the company more robust by making the most sense through stock prediction and its selection so as to ensure that any disruption in the supply chain would not bring the company to a grinding halt.
- Subjects
CREDIT; SUPPLIERS; CONSUMERS; WEIBULL distribution; SUPPLY chains; SENSITIVITY analysis
- Publication
International Journal of Operations Research, 2020, Vol 17, Issue 2, p9
- ISSN
1813-713X
- Publication type
Article
- DOI
10.6886/IJOR.202006_17(2).0002