An integrated inventory model involving discrete setup cost reduction, variable safety factor, selling price dependent demand, and investment

• Published in: R.A.I.R.O. Recherche opérationnelle Vol. 53; no. 1; pp. 39 - 57
• Main Authors: Dey, Bikash Koli, Sarkar, Biswajit, Sarkar, Mitali, Pareek, Sarla
• Format: Journal Article
• Language: English
• Published: Paris EDP Sciences 01.01.2019
• Subjects: 90B05; 90B06; Algorithms; Cost reduction; Demand; Discrete setup cost reduction; Inventory; Inventory management; Lead time; Mathematical models; Poisson distributed leadtime; Poisson distribution; Production planning; Safety factors; selling-price-dependent demand; Sensitivity analysis; Shipments; shortage; Stability; Statistical analysis; variable safety factor

This paper develops a sustainable integrated inventory model for maximizing profit with a controllable lead time, discrete setup cost reduction, and consideration of environmental issues. Contrary to the available literature, this paper considers a discrete setup cost for the vendor, thus making the...