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A Fuzzy Inventory Model for Vendor – Buyer Co-ordination in a Two Stage Supply Chain with Allowed Shortages

by P. Parvathi, D. Chitra
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International Journal of Computer Applications
Foundation of Computer Science (FCS), NY, USA
Volume 76 - Number 2
Year of Publication: 2013
Authors: P. Parvathi, D. Chitra
10.5120/13216-0599

P. Parvathi, D. Chitra . A Fuzzy Inventory Model for Vendor – Buyer Co-ordination in a Two Stage Supply Chain with Allowed Shortages. International Journal of Computer Applications. 76, 2 ( August 2013), 1-10. DOI=10.5120/13216-0599

@article{ 10.5120/13216-0599,
author = { P. Parvathi, D. Chitra },
title = { A Fuzzy Inventory Model for Vendor – Buyer Co-ordination in a Two Stage Supply Chain with Allowed Shortages },
journal = { International Journal of Computer Applications },
issue_date = { August 2013 },
volume = { 76 },
number = { 2 },
month = { August },
year = { 2013 },
issn = { 0975-8887 },
pages = { 1-10 },
numpages = {9},
url = { https://ijcaonline.org/archives/volume76/number2/13216-0599/ },
doi = { 10.5120/13216-0599 },
publisher = {Foundation of Computer Science (FCS), NY, USA},
address = {New York, USA}
}
%0 Journal Article
%1 2024-02-06T21:44:49.914550+05:30
%A P. Parvathi
%A D. Chitra
%T A Fuzzy Inventory Model for Vendor – Buyer Co-ordination in a Two Stage Supply Chain with Allowed Shortages
%J International Journal of Computer Applications
%@ 0975-8887
%V 76
%N 2
%P 1-10
%D 2013
%I Foundation of Computer Science (FCS), NY, USA
Abstract

This paper develops Fuzzy inventory model to determine the relevant profit maximizing decision variable values. The model proposed is based on individual profits of vendor and buyer and joint total profit of them which finds out optimal ordering quantity, selling price and shipment policies. Shortages are allowed for both of them. Production rate, ordering quantity, shortage and holding cost of buyer and vendor are taken as triangular fuzzy numbers. Graded mean integration representation method is used for defuzzification. The conclusion drawn from Numerical example is, it is more beneficial for the buyer and vendor to co-operate with each other when the demand is more selling price sensitive.

References
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Index Terms

Computer Science
Information Sciences

Keywords

Price sensitive demand shipments vendor-buyer co-ordination fuzzy concepts

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