Joint Optimal Policy for Variable Deteriorating Inventory System of Vendor-Buyer Ordering with Trapezoidal Demand
Nita H. Shah & Digeshkumar B. Shah · Current Journal of Applied Science and Technology · 2013
A joint optimal policy for the vendor and the buyer is analyzed when units in inventory are subject to deterioration and demand is trapezoidal. It is shown numerically that the joint venture reduces the total joint cost significantly when compared with the independent decision of...
Open access
Research Article
10.9734/BJAST/2014/2222