A Supply Chain Model with Imperfect Product and Backorder
Journal Title: 河南科技大学学报（自然科学版） - Year 2017, Vol 38, Issue 5
Abstract
A single-manufacturer single-retaile supply chain with imperfect product and shortages was developed. The operations and decisions of the members in the supply chain were studied. The expected profits per unit time of the manufacturer and the retailer were derived by using the well-known renewal-reward theorem. The concavity of the profit functions was proved, and the optimal decisions and the maximum profits of the both were obtained. The sensitivity of the important parameters that influence the decisions was analyzed through numerical experiments. The results show that when the shortage cost increases, both the manufacturer and retailer profits decrease. The price elasticity index has obvious influence on the profits of the manufacturer and the retailer. Thus a balance between prices and demand should be found to survive both the manufacturer and the retailer. The effect of defective rate on the profit of the manufacturer is more obvious than that on the profit of the retailer.
Authors and Affiliations
Shaoying QIU, Xiaoshen LI
Keywords
Related Articles
- EP ID EP478118
- DOI -
- Views 70
- Downloads 0
Design of Multi-channel Arbitrary Waveform Generator with Precision Phase Control
Multi-channel arbitrary waveform generator with extensible channel and high precision phase control was designed in order to meet the requirements of multi-channel waveform and phase. Based on the direct digital frequenc...
First Principle Calculation of Stabilities of Cu/γ-Al2O3 Composites Interfaces
The stability of interfaces between Cu and γ-Al2O3 was investigated by first principle calculation.The separation work of interfaces with the lower index crystal planes of copper and aluminum oxide was calculated, and th...
Synthesis and Self-assembly of Polyacrylamide-b-polystyrene
1
Rotation Optimization Based on Implicit Graph Model and the Longest Path Algorithm
Considering the concept of setting the rotation to maximize the economic returns in forest,the profit model was developed to maximize the net present value from selling timber. Then an implicit graph was designed by conv...
Triaxial Tests on Deformation Characteristics of Saturated Silt
The silt obtained from a proposed highway roadbed in Nanjing city was remoulded with different dry densities and moisture contents in the test room. The saturated triaxial consolidation drained shear tests were carried o...