supply chain model with stochastic lead time, trade-credit financing, and transportation discounts

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2017
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Abstract
This model extends a two-echelon supply chain model by considering the trade-credit policy, transportations discount to make a coordination mechanism between transportation discounts, trade-credit financing, number of shipments, quality improvement of products, and reduced setup cost in such a way that the total cost of the whole system can be reduced, where the supplier offers trade-credit-period to the buyer. For buyer, the backorder rate is considered as variable. There are two investments to reduce setup cost and to improve quality of products. The model assumes lead time-dependent backorder rate, where the lead time is stochastic in nature. By using the trade-credit policy, the model gives how the credit-period would be determined to achieve the win-win outcome. An iterative algorithm is designed to obtain the global optimum results. Numerical example and sensitivity analysis are given to illustrate the model.
Reference Key
kim2017mathematicalsupply Use this key to autocite in the manuscript while using SciMatic Manuscript Manager or Thesis Manager
Authors ;Sung Jun Kim;Biswajit Sarkar
Journal journal of power sources
Year 2017
DOI
10.1155/2017/6465912
URL
http://dx.doi.org/10.1155/2017/6465912
Keywords
civil engineering (general)mathematics engineering (general)

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