Journal of Highway and Transportation Research and Development
 
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Journal of Highway and Transportation Research and Development  2013, Vol. 7 Issue (4): 87-95    DOI: 10.3969/j.issn.1002-0268.2013.04.023
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Integrated Producer-Distributor-Retailer Inventory Model for Cold Chain Items
WANG Shu-yun1, CHEN Jing2
1. School of Economics and management, Yantai University, Yantai Shandong 264005, China;
2. School of International Business Administration, Shanghai University of Finance and Economics, Shanghai 200433, China
Abstract  An integrated cold chain inventory model of a manufacturer, a distributor, and multiple retailers in a finite horizon is established. The three-echelon model assumes that the demand rate is a time-varying function and that the deterioration rate and production rate are constant. To reflect the value added to the cold chain inventory in this model, the objective function is defined to maximize the total system profit. The solution procedures, a numerical example, and a sensitivity analysis are provided. Exponential demand rate is used in the numerical example. An optimized inventory strategy is derived through a comparison of the profit. The results show that the integrated strategy leads to a higher total system profit compared to independent decision approaches.
Key wordstransport economy      multi-echelon      integration      cold chain inventory      replenishment policy     
Received: 12 August 2013     
Fund:Supported by the National Natural Science Foundation of China (No.71372122);and the Project of Humanity and Social Science Foundation of Ministry of Education (No.11YJ1A630132)
Corresponding Authors: WANG Shu-yun, wsyyt@163.com      E-mail: wsyyt@163.com
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WANG Shu-yun
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Cite this article:   
WANG Shu-yun,CHEN Jing. Integrated Producer-Distributor-Retailer Inventory Model for Cold Chain Items[J]. Journal of Highway and Transportation Research and Development, 2013, 7(4): 87-95.
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http://manu27.magtech.com.cn/Jwk_gljtkj_en/EN/10.3969/j.issn.1002-0268.2013.04.023     OR     http://manu27.magtech.com.cn/Jwk_gljtkj_en/EN/Y2013/V7/I4/87
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