期刊名称:International Journal of Industrial Engineering Computations
印刷版ISSN:1923-2926
电子版ISSN:1923-2934
出版年度:2011
卷号:2
期号:4
页码:811-818
DOI:10.5267/j.ijiec.2011.06.003
语种:English
出版社:Growing Science Publishing Company
摘要:In the current global economic scenario, inflation plays a vital role in deciding optimal pricing of goods in any business entity. This paper develops a two-echelon (manufacturer-buyer) supply chain model taking into account inflation and time value of money. The present value of the total cost of the supply chain is derived when the manufacturer produces a number of lots, the sum of which is equal to the buyer’s total demand over a finite time horizon and the manufacturer’s each production lot is delivered to the buyer in n shipments. The optimal solution of the model is obtained for a numerical example after some adjustments (required to exhibit feasibility) in the derived solution. Sensitivity analysis is also carried out in order to examine the effects of changes in model-parameters on the optimal solution.