The Complete and Concrete Solution Procedures for Integrated Vendor-Buyer Cooperative Inventory Models with Trade Credit Financing in Supply Chain Management

Authors

Kun-Jen Chung, ollege of Business, Chung Yuan Christian University, Chungli 32023, Taiwan, Republic of China\\Department of Industrial Management, National Taiwan University of Science and Technology, Taipei 10607, Taiwan, Republic of China\\ Department of International Business Management, Shih Chien University, Taipei 10462, Taiwan, Republic of ChinaFollow
Shy-Der Lin, Departments of Applied Mathematics and Business Administration, Chung Yuan Christian University, Chungli 32023, Taiwan, Republic of ChinaFollow
H. M. Srivastava, Department of Mathematics and Statistics, University of Victoria, Victoria, British Columbia V8W 3R4, CanadaFollow

Author Country (or Countries)

Canada

Abstract

In today’s manufacturing environment, most enterprises are facing fierce competition from the pressure of the increasing costs. Thus, naturally, the integrated inventory models are adopted to increase the advantage of reducing the total cost. This paper explores some vendor-buyer inventory models with trade credit financing under suppliers’ credits linked to the order quantity. The main purpose of this paper is to adopt and apply the rigorous methods and tools of mathematical analysis to develop the complete and concrete solution procedures for integrated vendor-buyer cooperative inventory models. The theoretical results presented in this paper are shown to improve some of the existing results in earlier articles.

Digital Object Identifier (DOI)

http://dx.doi.org/10.18576/amis/100115

Recommended Citation

Chung, Kun-Jen; Lin, Shy-Der; and M. Srivastava, H. (2016) "The Complete and Concrete Solution Procedures for Integrated Vendor-Buyer Cooperative Inventory Models with Trade Credit Financing in Supply Chain Management," Applied Mathematics & Information Sciences: Vol. 10: Iss. 1, Article 15.
DOI: http://dx.doi.org/10.18576/amis/100115
Available at: https://digitalcommons.aaru.edu.jo/amis/vol10/iss1/15