PRODUCTION-INVENTORY STRATEGY OF DETERIORATING ITEMS FOR SINGLE-VENDOR AND TWO-BUYERS.

An aim of this article is to analyze a single-vendor, two buyers production-inventory policy for a deteriorating item under assumption of constant production and demand rate. A mathematical model is derived to compute total joint integrated cost of both the vendor and two-buyers. It is established that joint integrated cost is beneficial compared to the independent decisions made by the two stackers' viz. the vendor and the two-buyers.