JELS models for single-buyer and single-suppliers: A comparative analysis

Singh, Abhijeet, Koul, Saroj and Agrawal, Anil (2010) JELS models for single-buyer and single-suppliers: A comparative analysis. International Journal of Operations and Quantitative Management, 16 (2). pp. 173-189. ISSN 10821910

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Abstract

Joint economic lot size (JELS) models for a purchaser and a vendor prove to be more economical than when their inventory problems are considered separately. The operational cost decreases further, provided the supplies are made in sub-batches. Sub-batches of varying sizes may cause planning and control problems for both the independent and the joint economic lot size purchaser, but supply in sub-batches of uniform size is problem free. In this paper, two cases of JELS models where a single vendor is supplying semifinished products to a buyer are analyzed. The comparative advantage of the uniform sub-batch supply over the staggered alternative is investigated using illustrative examples. From this, a uniform supply model is found to be comparatively more cost-effective and robust.

Item Type: Article
Keywords: Inventory | Purchaser | Sub-batching | Vendor
Subjects: Social Sciences and humanities > Business, Management and Accounting > Strategy and Management
Social Sciences and humanities > Business, Management and Accounting > Business and International Management
JGU School/Centre: Jindal Global Business School
Depositing User: Mr Sombir Dahiya
Date Deposited: 11 Mar 2022 06:20
Last Modified: 11 Mar 2022 06:20
Official URL: https://www.emeraldgrouppublishing.com/journal/ijo...
URI: https://pure.jgu.edu.in/id/eprint/1554

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