Articles with "penalty cost" as a keyword



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An optimal vendor-buyer cooperative policy under generalized lead-time distribution with penalty cost for delivery lateness

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Published in 2017 at "International Journal of Production Economics"

DOI: 10.1016/j.ijpe.2017.03.015

Abstract: This paper presents an integrated inventory model for a single-vendor and single-buyer where lead-time is a stochastic variable with general distribution function. The vendor delivers goods at a fixed lot size to the buyer who… read more here.

Keywords: buyer; lead time; vendor; penalty cost ... See more keywords