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A vendor-buyer supply chain model for time-dependent deteriorating item with preservation technology investment

Author

Listed:
  • B.C. Giri
  • H. Pal
  • T. Maiti

Abstract

This paper considers a two-echelon supply chain model with a single-vendor and a single-buyer who sells a single product which is deteriorating in nature. The deterioration rate increases with time and it also depends on the product's expiration date. The buyer invests capital to preserve the item and reduce deterioration cost. The demand at the buyer's end depends on the selling price. The vendor's production process is not perfectly reliable; it may shift from an in-control state to an out-of-control state at any random time during a production run and produce some defective (non-conforming) items. The vendor follows a lot-for-lot policy for replenishment made to the buyer. The average profit of the supply chain is derived and an algorithm for finding the optimal solution is developed. A numerical example is provided to validate the proposed model and examine the effectiveness of preservation technology investment. Sensitivity analysis is carried out to investigate the impacts of key model-parameters on optimal decisions.

Suggested Citation

  • B.C. Giri & H. Pal & T. Maiti, 2017. "A vendor-buyer supply chain model for time-dependent deteriorating item with preservation technology investment," International Journal of Mathematics in Operational Research, Inderscience Enterprises Ltd, vol. 10(4), pages 431-449.
    • Handle: RePEc:ids:ijmore:v:10:y:2017:i:4:p:431-449
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    Citations

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    Cited by:

    1. Iqbal, Muhammad Waqas & Malik, Asif Iqbal & Ramzan, Muhammad Babar, 2024. "Waste consumption of bio-degradable products through a secondary supply chain," Socio-Economic Planning Sciences, Elsevier, vol. 94(C).
    2. Priyamvada & Prerna Gautam & Aditi Khanna, 2021. "Sustainable production strategies for deteriorating and imperfect quality items with an investment in preservation technology," International Journal of System Assurance Engineering and Management, Springer;The Society for Reliability, Engineering Quality and Operations Management (SREQOM),India, and Division of Operation and Maintenance, Lulea University of Technology, Sweden, vol. 12(5), pages 910-918, October.
    3. Muhammad Waqas Iqbal & Muhammad Babar Ramzan & Asif Iqbal Malik, 2022. "Food Preservation within Multi-Echelon Supply Chain Considering Single Setup and Multi-Deliveries of Unequal Lot Size," Sustainability, MDPI, vol. 14(11), pages 1-30, June.
    4. Rini & Priyamvada & Chandra K. Jaggi, 2021. "Sustainable and flexible production system for a deteriorating item with quality consideration," International Journal of System Assurance Engineering and Management, Springer;The Society for Reliability, Engineering Quality and Operations Management (SREQOM),India, and Division of Operation and Maintenance, Lulea University of Technology, Sweden, vol. 12(5), pages 951-960, October.
    5. Sebatjane, Makoena, 2022. "The impact of preservation technology investments on lot-sizing and shipment strategies in a three-echelon food supply chain involving growing and deteriorating items," Operations Research Perspectives, Elsevier, vol. 9(C).
    6. Shyamali Ghosh & Karl-Heinz Küfer & Sankar Kumar Roy & Gerhard-Wilhelm Weber, 2023. "Type-2 zigzag uncertain multi-objective fixed-charge solid transportation problem: time window vs. preservation technology," Central European Journal of Operations Research, Springer;Slovak Society for Operations Research;Hungarian Operational Research Society;Czech Society for Operations Research;Österr. Gesellschaft für Operations Research (ÖGOR);Slovenian Society Informatika - Section for Operational Research;Croatian Operational Research Society, vol. 31(1), pages 337-362, March.

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