Production , Manufacturing and Logistics A single-vendor and multiple-buyers production – inventory policy for a deteriorating item

Abstract This study develops a single-vendor, multi-buyers production–inventory policy for a deteriorating item with a constant production and demand rate. A mathematical model incorporating the costs of both the vendor and the buyers is developed. It can be shown that the integrated policy results in an impressive cost reduction when it is compared with the independent decisions made by the vendor and the buyers.

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