Supplier selection is one of the most critical activities of purchasing management in supply chain and managers increasingly face sourcing decisions of how to selected suppliers. This paper illustrates the development of a sourcing decision that provides support for the buyer firm in supply chain.The models developed here, involved selecting between single and dual sourcing. Outside and local s...

and Applied Analysis 3 Table 1: Comparison between the papers discussing integrated inventory model with a trade credit. Author s Demand rate Production rate Production/purchase cost Freight rate Wholesale price Abad and Jaggi 39 Retail price sensitive Constant Constant — Constant Jaber and Osman 40 Constant — — — Constant Yang and Wee 41 Retail price sensitive — Constant — Constant Sheen and T...

Lemma 2. Let c < c' and k < k'. Under the advertising model, if a buyer with cost c' participates in the platform, the buyer with cost c also participates in the platform. If a seller with cost k' participates in the platform, the seller with cost k also participates in the platform. Moreover, if the seller with k' participates in the advertising service, the seller with k also participates in ...

In a multilateral bargaining problem with one buyer and two heterogeneous sellers owning perfectly complementary units, we find that there exists an equilibrium which leads to inefficient delays when the buyer negotiates with the higher-valuation seller first and where players are extremely impatient. We also find that the buyer prefers to negotiate with the lower-valuation seller first, except...

I analyze a search equilibrium in a large market where customer relationship based on past trade arises endogenously together with service priority and sales. Specifically, there exists a unique equilibrium where it is optimal for a buyer to make repeat purchases from the related seller and optimal for a seller to give service priority to the related buyer. Customer relationship always improves...

Advent of Internet has resulted in e-commerce replacing traditional selling of digital products (such as songs, videos,movies, software, books, documents, images, etc.) through shops. This mode of sale can bring the product price down as infrastructure cost in setting up shops and retail chain is reduced. On downside, however, this may increase problem of piracy as digital data can be easily co...

Here, we consider single vendor-buyer model with multi-product and multi-customer and multi-facility location-production-distribution problem. It is assumed that the players of the supply chain are coordinated by sharing information. Vendor manufactures produce different products at different plants with limited capacities and then distribute the products to the consumers according to determini...