%0 Journal Article
%T Development of a Joint Economic Lot Size Model with Stochastic Demand Within non-equal shipments
%J Scientia Iranica
%I Sharif University of Technology
%Z 1026-3098
%A Barzegar, Salman
%A seifbarghy, Mehdi
%A Pasandideh, Seyed Hamidreza
%A Arjmand, Masoud
%D 2016
%\ 12/01/2016
%V 23
%N 6
%P 3026-3034
%! Development of a Joint Economic Lot Size Model with Stochastic Demand Within non-equal shipments
%K Vendor-Buyer Cooperation
%K Stochastic demand
%K Stochastic Delivery Time
%K Non-equal shipments
%K exact algorithm
%R 10.24200/sci.2016.4010
%X The majority of the researches in the integrated vendor-buyer inventory problem assume that the shipments are equal. In this paper, shipments are considered to be non-equal. Both demand and delivery times are also assumed to be stochastic. Moreover, unsatisfied demand can be backordered and lost, as well asconsidering a service level constraint. The objective is to minimize both buyer and vendor costs at the same time. The problem is solved by an exact heuristic algorithm. To validate the algorithmâ€™s performance, the results are compared with that of LINGO solver. Finally, a set of numerical problems is applied to compare the result in the integrated and independent forms.
%U https://scientiairanica.sharif.edu/article_4010_0ef37365a49bd97570b7be85405f9f79.pdf