We present a planning model for chemical commodities related to an industry case. Commodities are standard chemicals characterized by sales and supply volatility in volume and value. Increasing and volatile prices of crude oil-dependent raw materials require coordination of sales and supply decisions by volume and value throughout the value chain to ensure profitability. Contract and spot deman...

Abstract— Perishable inventory constitute a large portion of the world economy and include virtually all foodstuffs, pharmaceuticals, fashion goods, electronic items, periodicals, digital goods and many more as they lose value with time due to deterioration and/or obsolescence. Retailers dealing with perishable goods have to consider the factors of short shelf life and the dependency of sales v...

In this study, an EOQ (Economic Order Quantity) inventory mathematical model is constructed for a deteriorating item having time dependent demand when delay in payment is permissible. The deterioration rate is assumed to be a constant and the time varying demand rate is taken to be an exponential declining function of time. Mathematical models are also derived under two different circumstances,...

A noticeable and practicable scheme of channel coordination is the quantity flexibility contracts. It can be emphasized that quantity flexibility contracts can share the risk and cost of market demand uncertainty and yield more potential profitability for members within a supply chain. In view of its increasing importance, quantity flexibility contracts have been studied extensively and various...

A great number of models have been proposed to investigate the deterioration inventory. However, most of models assume that a fixed physical quantity of items deteriorates over time, the quality of items does not decay before their expiration dates. In practice, the quality and physical quantity of many products, including fresh produce and foods, often deteriorate over time. The quality of an ...

In this paper, Economic Order Quantity ( ) based model for non-instantaneous deteriorating items with imperfect quality, permissible delay in payments and inflation is proposed. We adopt a time-dependent demand function. Also, the effects of time value of money are studied using the Discounted Cash Flow approach. Moreover, we assume that orders may contain a random proportion of defective items...

The present article elaborates a multi-product economic inventory model in which multiple items are considered with demand, depends on time, abides power law, shortages, and complete backordering. rate of production is greater than the demand for each item. This type pattern accessible to various kinds practical problems modern era. In this paper, assumed be directly proportional demand. real s...