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An integrated production inventory model for perishable products with trade credit period and investment in preservation technology

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  • Shilpy Tayal
  • S.R. Singh
  • Rajendra Sharma

Abstract

In this paper we develop an integrated production-distribution model for deteriorating items in a two-echelon supply chain. The objective of this study is to develop an integrated inventory policy when the retailer invests on the preservation technology to reduce the product rate of deterioration and to investigate the model under conditions of permissible delay in payment and allowable shortages. This paper incorporates the concept of a credit period and develops a new inventory model to reflect real-life situations. Exact cost functions for the supplier, the buyer and the entire supply chain are developed. We outline a procedure for determining the optimal supply chain decisions with the objective of minimising the total system cost. Our approach is illustrated through a numerical example. Sensitivity analysis is also presented to illustrate this model.

Suggested Citation

  • Shilpy Tayal & S.R. Singh & Rajendra Sharma, 2016. "An integrated production inventory model for perishable products with trade credit period and investment in preservation technology," International Journal of Mathematics in Operational Research, Inderscience Enterprises Ltd, vol. 8(2), pages 137-163.
    • Handle: RePEc:ids:ijmore:v:8:y:2016:i:2:p:137-163
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    Citations

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    Cited by:

    1. Fateme Maleki & Saeed Yaghoubi & Atieh Fander, 2023. "Organic level vs. sales effort in coordination of green food supply chain for deteriorating items," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 25(11), pages 13065-13097, November.
    2. Md Sadikur Rahman & Subhajit Das & Amalesh Kumar Manna & Ali Akbar Shaikh & Asoke Kumar Bhunia & Leopoldo Eduardo Cárdenas-Barrón & Gerardo Treviño-Garza & Armando Céspedes-Mota, 2021. "A Mathematical Model of the Production Inventory Problem for Mixing Liquid Considering Preservation Facility," Mathematics, MDPI, vol. 9(24), pages 1-19, December.
    3. Pinky Saxena & S. R. Singh & Isha Sangal, 2016. "A Multi Item Integrated Inventory Model with Reparability and Manufacturing of Fresh Products," Modern Applied Science, Canadian Center of Science and Education, vol. 10(7), pages 1-74, July.
    4. Beatrice Marchi & Lucio E. Zavanella & Simone Zanoni, 2023. "Supply chain finance for ameliorating and deteriorating products: a systematic literature review," Journal of Business Economics, Springer, vol. 93(3), pages 359-388, April.

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