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| A Consignment Stock Model for a Single Vendor and Multiple Buyers under Deterministic Environment |
| HUANG Qingyang,CHEN Junfang |
| (Antai College of Economics & Management, Shanghai Jiaotong University, Shanghai 200052, China) |
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Abstract This paper extended the consignment stock(CS) model to the singlevendor multibuyer situation in a deterministic environment. Through the splitting of the holding cost into a financial and a physical component, the model emphasized the most important difference between CS and other policies. On the premise of fulfillment, the joint total cost per unit time for the vendor and buyers was derived and its optimal solution and parameter setting were obtained by an enumerative approach.
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Received: 11 December 2007
Published: 28 November 2008
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Corresponding Authors:
CHEN Junfang
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