Two Stage Supply Chain Fuzzy Inventory and Pricing Model with Separate Total Inventory Cost, Multiple Retail Prices using Cobb - Douglas Demand Function
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| Title | Two Stage Supply Chain Fuzzy Inventory and Pricing Model with Separate Total Inventory Cost, Multiple Retail Prices using Cobb - Douglas Demand Function |
| Authors | |
| Abstract | In this paper, a new fuzzy inventory and pricing model with multiple retail prices using Cobb - Douglas demand in a non-cooperative supply chain with one supplier and several retailers who are involved in producing, delivering and selling a single product at the same wholesale price to all retailers is developed. Each retailer by considering his own cost and demand uses the ordering periodic system relevant to manufacturer’s production cycle. The manufacturer and each retailer’s pay themselves the total inventory cost, separately. Advertising, Holding and order cost, retail and wholesale price of supplier and retailers are taken as triangular fuzzy numbers. Numerical example solved by using Matlab software. Graded mean integration representation method is used for defuzzification. |
| Publisher | Advances in Computational Mathematics and its Applications |
| Date | 2013-06-13 |
| Source | 2167-6356 |
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