In this paper, an purchasing inventory model for deteriorating items is developed with a linear, positive trend in demand, allowing inventory shortages and backlogging. It is assumed that the goods in the inventory deteriorate over time at a constant rate . Two models are developed for two operational policies. The first policy covers the case that the inventory model with linear demand for det...

Three types of payments confront in business dealings viz. advance, cash and credit. A payment is ubiquitously practiced, while a credit scheme escalates sales advance technique implemented to avoid cancellation orders. These are recognized as advance-cash-credit (ACC) which conventional transactions. By implicating ACC the aim determine optimal pricing ordering policies. Inventory items observ...

We consider a single-period inventory model where there are risks associated with the uncertainty in demand as well as supply. Furthermore, the randomness in demand and supply is correlated with the …nancial markets. Recent literature provides ample evidence on this issue. The inventory manager may then exploit this correlation and manage his risks by investing in a portfolio of …nancial instru...

To solve the procurement conflict between supplier and manufacturer, this paper proposes a collaborative planning model and an adaptive negotiation method by integrating intelligent multi-agent technology. First, a collaborative procurement, inventory and production planning model is built using the multi-level multi-item capacitated lot sizing problem method. Then the particle swarm optimizati...

In some retail contexts, higher inventories not only improve service levels, but also stimulate demand by serving as a promotional tool (e.g., by increasing product visibility). Motivated by a building-products retailer’s practice of stocking large quantities of products to stimulate demand, we study inventory management policies when demand is uncertain but increases with stocking quantity. Fo...

This chapter provides a non-technical literature survey of empirical studies in information sharing during the past two decades. We categorize by types of information that can be shared in a supply chain environment, such as demand, forecasts, inventory status, and product development. We encourage more empirical research to be done to further advance knowledge in this field.

Introduction As time-to-market pressures increase, design engineers continually look for ways to advance the development of system-level products and ensure problem-free manufacturing. Programmable logic devices (PLDs) that support in-system programmability (ISP) can help accelerate development time, simplify manufacturing flow, lower inventory costs, and improve printed circuit board (PCB) tes...

This paper presents the new mathematical model for determining the optimal ordering policy for industrial and commercial companies. In the previous research, the numerous inventory models under inflationary conditions have been developed. In these models, the demand rate, usually, has been considered constant and well known, time-varying, stock dependent or price-dependent. But, the demand rate...