Determining the Retailer's replenishment policy considering multiple capacitated suppliers and price-sensitive demand

Hamza Adeinat, José A. Ventura

Research output: Chapter in Book/Report/Conference proceedingConference contribution

Abstract

A mixed integer nonlinear programming model is presented to find the optimal replenishment policy for a particular type of product for the case of a single retailer and multiple potential suppliers. Each supplier offers all-unit quantity discounts as an incentive mechanism. Multiple orders are allowed to be submitted to the selected suppliers during a repeating order cycle. The demand rate is considered to be not constant but dependent upon the selling price. The model provides the optimal number of orders and corresponding order quantities for the selected suppliers, and the optimal demand rate and selling price that maximize the total profit per time unit under suppliers' capacity and quality constraints. A numerical example is presented to illustrate the results of the proposed model.

Original languageEnglish (US)
Title of host publicationIIE Annual Conference and Expo 2014
PublisherInstitute of Industrial Engineers
Pages2336-2340
Number of pages5
ISBN (Electronic)9780983762430
StatePublished - Jan 1 2014
EventIIE Annual Conference and Expo 2014 - Montreal, Canada
Duration: May 31 2014Jun 3 2014

Publication series

NameIIE Annual Conference and Expo 2014

Other

OtherIIE Annual Conference and Expo 2014
CountryCanada
CityMontreal
Period5/31/146/3/14

All Science Journal Classification (ASJC) codes

  • Industrial and Manufacturing Engineering
  • Control and Systems Engineering

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  • Cite this

    Adeinat, H., & Ventura, J. A. (2014). Determining the Retailer's replenishment policy considering multiple capacitated suppliers and price-sensitive demand. In IIE Annual Conference and Expo 2014 (pp. 2336-2340). (IIE Annual Conference and Expo 2014). Institute of Industrial Engineers.