Research Article
Imperfect Reworking Process Consideration in Integrated Inventory Model under Permissible Delay in Payments
Table 2
Comparison results with Ouyang et al. (2005).
| | Profit ($/yr) |
(day) | Joint | Vendor | Buyer | | This paper | Ouyang et al. | Improved (%) | This paper | Ouyang et al. | Improved (%) | This paper | Ouyang et al. | Improved (%) |
| 0 | 22182.1574 | 24691.0000 | 10.16 | 6542.7743 | 12100.0000 | 45.93 | 15639.3831 | 12591.0000 | 24.21 | 10 | 22207.8468 | 24725.0000 | 10.18 | 6549.8114 | 12127.0000 | 45.99 | 15658.0354 | 12598.0000 | 24.29 | 30 | 22267.2031 | 24799.0000 | 10.21 | 6558.9020 | 12157.0000 | 46.05 | 15708.3011 | 12642.0000 | 24.25 | 60 | 22376.7931 | 24921.0000 | 10.21 | 6556.3448 | 12138.0000 | 45.98 | 15820.4483 | 12783.0000 | 23.76 |
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λ = 1.50.
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