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Inventory Control Policies for Deteriorating Item With Preservation Technology, Quadratic Demand, and Trade Credit for a Single Supplier-Two Retailers Supply Chain: A Centralization vs. Decentralization Approach

Inventory Control Policies for Deteriorating Item With Preservation Technology, Quadratic Demand, and Trade Credit for a Single Supplier-Two Retailers Supply Chain: A Centralization vs. Decentralization Approach

Nita H. Shah, Mrudul Y. Jani, Urmila B. Chaudhari
Copyright: © 2018 |Pages: 20
ISBN13: 9781522532323|ISBN10: 1522532323|EISBN13: 9781522532330
DOI: 10.4018/978-1-5225-3232-3.ch011
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MLA

Shah, Nita H., et al. "Inventory Control Policies for Deteriorating Item With Preservation Technology, Quadratic Demand, and Trade Credit for a Single Supplier-Two Retailers Supply Chain: A Centralization vs. Decentralization Approach." Handbook of Research on Promoting Business Process Improvement Through Inventory Control Techniques, edited by Nita H. Shah and Mandeep Mittal, IGI Global, 2018, pp. 174-193. https://doi.org/10.4018/978-1-5225-3232-3.ch011

APA

Shah, N. H., Jani, M. Y., & Chaudhari, U. B. (2018). Inventory Control Policies for Deteriorating Item With Preservation Technology, Quadratic Demand, and Trade Credit for a Single Supplier-Two Retailers Supply Chain: A Centralization vs. Decentralization Approach. In N. Shah & M. Mittal (Eds.), Handbook of Research on Promoting Business Process Improvement Through Inventory Control Techniques (pp. 174-193). IGI Global. https://doi.org/10.4018/978-1-5225-3232-3.ch011

Chicago

Shah, Nita H., Mrudul Y. Jani, and Urmila B. Chaudhari. "Inventory Control Policies for Deteriorating Item With Preservation Technology, Quadratic Demand, and Trade Credit for a Single Supplier-Two Retailers Supply Chain: A Centralization vs. Decentralization Approach." In Handbook of Research on Promoting Business Process Improvement Through Inventory Control Techniques, edited by Nita H. Shah and Mandeep Mittal, 174-193. Hershey, PA: IGI Global, 2018. https://doi.org/10.4018/978-1-5225-3232-3.ch011

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Abstract

Nowadays in use of, the offer of delay payment from supplier is very remarkable implement to boost the market demand by attracting more retailers. Furthermore, offer of delay payment is advantageous for retailers as they do not have to pay the supplier immediately at the time of procurement. In this chapter, we study inventory policies with trade credit from a single supplier to two retailers. We consider the item with deterioration as loss of utility is the real situation of items like fruits, vegetables, juices, ice-creams, etc. To reduce deterioration of the item, vendor spends capital on preservation technology to preserve the item. Here, time dependent quadratic demand is discussed which is suitable for the items whose demand increases primarily and afterward it starts to decrease. Formerly, we present the centralized inventory system in which supplier and retailers willingly take joint decision. Succeeding, we address the decentralized inventory system in which a supplier and both retailers take individual decisions.

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