scholarly journals Fuzzyfication of supplier–retailer inventory coordination with credit term for deteriorating item with time-quadratic demand and partial backlogging in all cycles

2020 ◽  
Vol 1531 ◽  
pp. 012054
Author(s):  
Sanjay Mishra ◽  
Nitin Kumar Mishra ◽  
Vikramjeet Singh ◽  
Pushpinder Singh ◽  
Seema Saxena
Author(s):  
Pooja Meena ◽  
◽  
Anil Kumar Sharma ◽  
Ganesh Kumar ◽  
◽  
...  

Inventory management is an extremely difficult task. It has become usual practice for a provider during the last few decades to provide a retailer with a credit term. In this article, a non-instantly degradable products inventory system is built with a price-sensitive demand and a Weibull credit term allocation reduction rate. Some backlogged deficiencies are permitted. The aim is to maximize the total profit in this study by taking three cases into account. Numerical examples, graphical representations and sensitivity analysis demonstrate the application of the approach developed in this study.


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