Supply chain coordination has received substantial attention in the operations literature in recent years. Coordination issues in supply chains arise due to several factors, an important one being the difference in the cost impact of inventory and replenishment decisions on the manufacturer and retailer. In this paper, we address this asymmetry in cost impact that can lead to sub-optimal channe...

Selection and negotiation of purchasing bids is a complex decision making process that requires consideration of a variety of vendor attributes such as price, delivery performance, and quality. Several decision models have been utilized for vendor evaluation and selection. Talluri [EUR. J. Operat. Res. 143(1) (2002) 171] and Zhu [EUR. J. Operat. Res. 154(2004) 150] propose a buyer seller game m...

In this paper, a chance-constraint joint single vendor, single buyer supply chain problem with stochastic demand and fuzzy lead-time is investigated. The lead-time is lot size dependent; and delay times such as moving, waiting and setting time are fuzzy. The shortage costs result from backorder and/or lost sale, and the uncertain demand follows a uniform distribution. The buyer’s cost function ...

It is only an order quantity which is decided for a spot selling time in the classical newsboy problem. Both the purchase timing and the time-variant variance of the demand are neglected. When the vendor gives a price discount for early purchase, the buyer purchases the quantities of price discount at the cost of forecast bias. The buyer has to forecast the demand early before purchase ahead of...

In this paper, a bi-objective multi-product single-vendor single-buyer supply chain problem is studied under green vendor-managed inventory (VMI) policy based on the economic production quantity (EPQ) model. To bring the model closer to real-world supply chain, four constraints of model including backordering cost, number of orders, production budget and warehouse space are considered stochasti...

Different markets are cleared by different types of prices—sellerspecific prices that are uniform across buyers in some markets, and personalized prices tailored to the buyer in others. We examine a setting in which buyers and sellers make investments before matching in a competitive market. We introduce the notion of premuneration values—the values to the transacting agents prior to any transf...