Centralized and decentralized inventory policies for a single-vendor two-buyer system with permissible delay in payments
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文摘

The one-vendor two-buyer inventory system with permissible delay in payments is addressed.

The problem is analyzed under both a cooperative and a non-cooperative environment.

A numerical example is solved to illustrate the solutions approaches.

Both solution procedures have been implemented and the computational results reveal that in most cases the integrated policies outperform the decentralized strategies.

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