A decision making model for vendor-buyer inventory systems
- Publication Type:
- Conference Proceeding
- Lecture Notes in Computer Science (including subseries Lecture Notes in Artificial Intelligence and Lecture Notes in Bioinformatics), 2009, 5908 LNAI pp. 336 - 343
- Issue Date:
In a vendor-buyer supply chain, the buyer's economic order quantity and the vendor's optimal number of deliveries are derived either independently or collaboratively. In this paper, we establish a two-stage vendor-buyer inventory system decision model by using bi-level decision making approach. The experimental result shows that the proposed bi-level decision model can effectively handle two-stage vendor-buyer inventory problems and obtain better results than the existing methods. © 2009 Springer-Verlag Berlin Heidelberg.
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