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Determining the Optimal Policies for Product Supply Chain Management System

Owoloko, E. A. and EZEKIEL, Imekela D. (2017) Determining the Optimal Policies for Product Supply Chain Management System. In: World Congress on Engineering 2017 , July 5-7, 2017, London, U.K..

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Abstract

This paper examines extended two-echelon newsvendor problem for a supplier with numerous distributors in a supply chain management system without service level agreements using additive demand model. The paper studies two different specific supply chain management systems: a restricted supply chain management system, where the supplier keeps separate inventory for each distributor and combined inventory system where the supplier holds one central inventory which is shared by different distributors. The single product producer who is also the supplier takes inventory decisions based on random demand of the distributors and the retailers. We observe that the profits of the supplier and the distributors increase for combined inventory system when the product wholesale price is a decision variable for normally distributed random demands.

Item Type: Conference or Workshop Item (Paper)
Uncontrolled Keywords: Combined Inventory, Concave function, Customer service level, Restricted Inventory, Supply chain
Subjects: Q Science > QA Mathematics
Divisions: Faculty of Engineering, Science and Mathematics > School of Mathematics
Depositing User: Mrs Patricia Nwokealisi
Date Deposited: 16 Aug 2017 11:27
Last Modified: 16 Aug 2017 11:27
URI: http://eprints.covenantuniversity.edu.ng/id/eprint/8672

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