Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/78580
Authors: 
Bahri, Mehrab
Tarokh, Mohammad
Year of Publication: 
2012
Citation: 
[Journal:] Journal of Industrial Engineering International [ISSN:] 2251-712X [Publisher:] SpringerOpen [Place:] Heidelberg [Volume:] 8 [Year:] 2012 [Pages:] 1-7
Abstract: 
Supply chain is an accepted way of remaining in the competition in today's rapidly changing market. This paper presents a coordinated seller-buyer supply chain model in two stages, which is called Joint Economic Lot Sizing (JELS) in literature. The delivery activities in the supply chain consist of a single raw material. We assume that the delivery lead time is stochastic and follows an exponential distribution. Also, the shortage during the lead time is permitted and completely back-ordered for the buyer. With these assumptions, the annual cost function of JELS is minimized. At the end, a numerical example is presented to show that the integrated approach considerably improves the costs in comparison with the independent decisions by seller and buyer.
Subjects: 
integrated inventory model
stochastic lead time
supply chain coordination
cost
optimization
Persistent Identifier of the first edition: 
Creative Commons License: 
http://creativecommons.org/licenses/by/2.0/
Document Type: 
Article

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