A decision making model for vendor-buyer inventory systems

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Conference Proceeding
Proceedings of the 12th International Conference on Rough Sets, Fuzzy Sets, Data Mining and Granular Computing: Lecture Notes In Artificial Intelligence; Vol. 5908, 2009, pp. 336 - 343
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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.
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