This paper develops a Vendor Managed Inventory (VMI) model for a two-level supply chain comprised of one vendor and several non-competing retailers in which both the raw material and the finished product have different deterioration rates. It is assumed that the market demand for the finished...

In this paper, an economic production quantity (EPQ) inventory model with interruption in process, scrap and rework is developed and analyzed. The inventory model is for multiple products and all products are manufactured in a unique machine. Obviously, the existence of only one machine results...

In this paper, for the first time, an inventory control model to determine the optimal order and shortage quantities of a perishable item when the supplier offers a special sale is developed. Four possible cases based on decision that the purchaser might make about the first replenishment policy...