A collaborative EPQ inventory model for a three-echelon supply chain with multiple products considering the effect of marketing effort on demand

This paper presents an inventory model for a three-echelon supply chain with multiple products and multiple members considering the demand as an increasing function of the marketing effort. In the proposed inventory model, a collaborative approach is studied and an analytical method is applied to ob...

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Autores:
Salas-Navarro, Katherinne
Acevedo-Chedid, Jaime
Florez, Whady F
Ospina Mateus, Holman
Cárdenas-Barrón, Leopoldo Eduardo
Sankar Sana, Shib
Tipo de recurso:
Article of journal
Fecha de publicación:
2020
Institución:
Corporación Universidad de la Costa
Repositorio:
REDICUC - Repositorio CUC
Idioma:
eng
OAI Identifier:
oai:repositorio.cuc.edu.co:11323/7821
Acceso en línea:
https://hdl.handle.net/11323/7821
https://repositorio.cuc.edu.co/
Palabra clave:
Inventory
supply chain collaboration
multiple products
marketing effort
economic production quantity
Rights
openAccess
License
Attribution-NonCommercial-NoDerivatives 4.0 International
Description
Summary:This paper presents an inventory model for a three-echelon supply chain with multiple products and multiple members considering the demand as an increasing function of the marketing effort. In the proposed inventory model, a collaborative approach is studied and an analytical method is applied to obtain the optimal production lot size and the optimal marketing effort in order to achieve the maximum profits. Some numerical examples are illustrated to justify the model. Moreover, a sensitivity analysis is well done in order to analysis the effect of the changes of key parameters of inventory model on the the maximum benefits of all members of the chain.