Supplier-customer negotiation model: The vendor receives a bonus for holding the inventory

This article proposes a model based on economic order quantity (EOQ) for the negotiation between supplier and customer when a benefit is derived to the supplier from taking responsibility for the inventory holding costs. In turn, the customer can afford a smaller batch size since the holding savings...

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Detalles Bibliográficos
Autores: Marimon Viadiu, Frederic, Berbegal Mirabent, Jasmina|||0000-0001-5145-2179
Tipo de recurso: artículo
Fecha de publicación:2018
País:España
Institución:Universitat Politècnica de Catalunya (UPC)
Repositorio:UPCommons. Portal del coneixement obert de la UPC
Idioma:inglés
OAI Identifier:oai:upcommons.upc.edu:2117/360101
Acceso en línea:https://hdl.handle.net/2117/360101
https://dx.doi.org/10.26595/eamr.2014.5.1.5
Access Level:acceso abierto
Palabra clave:Inventory control
Inventory costs
Optimal batch
EOQ model
Inventory management model
Gestió d'estocs
Àrees temàtiques de la UPC::Economia i organització d'empreses
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spelling Supplier-customer negotiation model: The vendor receives a bonus for holding the inventoryMarimon Viadiu, FredericBerbegal Mirabent, Jasmina|||0000-0001-5145-2179Inventory controlInventory costsOptimal batchEOQ modelInventory management modelGestió d'estocsÀrees temàtiques de la UPC::Economia i organització d'empresesThis article proposes a model based on economic order quantity (EOQ) for the negotiation between supplier and customer when a benefit is derived to the supplier from taking responsibility for the inventory holding costs. In turn, the customer can afford a smaller batch size since the holding savings enable it to place a greater number of orders. Taking the original situation in which the customer supports both holding and ordering cost as an initial point, the paper analyses the benefits for the supplier and customer in a new situation in which the supplier supports the holding of the inventory. The customer would agree to change to the new scenario due to the savings in the holding cost. The provider would also agree if a bonus is achieved as compensation for the investment in holding costs. The model provides clues for a win-win negotiation between a supplier and a buyer.Peer ReviewedAssociació Catalana de Comptabilitat i Direcció20182018-01-0120222022-01-20journal articlehttp://purl.org/coar/resource_type/c_6501VoRhttp://purl.org/coar/version/c_970fb48d4fbd8a85info:eu-repo/semantics/articleapplication/pdfhttps://hdl.handle.net/2117/360101https://dx.doi.org/10.26595/eamr.2014.5.1.5reponame:UPCommons. Portal del coneixement obert de la UPCinstname:Universitat Politècnica de Catalunya (UPC)Inglésengopen accesshttp://purl.org/coar/access_right/c_abf2Attribution-NonCommercial-NoDerivs 3.0 Spainhttp://creativecommons.org/licenses/by-nc-nd/3.0/es/info:eu-repo/semantics/openAccessoai:upcommons.upc.edu:2117/3601012026-05-27T15:37:01Z
dc.title.none.fl_str_mv Supplier-customer negotiation model: The vendor receives a bonus for holding the inventory
title Supplier-customer negotiation model: The vendor receives a bonus for holding the inventory
spellingShingle Supplier-customer negotiation model: The vendor receives a bonus for holding the inventory
Marimon Viadiu, Frederic
Inventory control
Inventory costs
Optimal batch
EOQ model
Inventory management model
Gestió d'estocs
Àrees temàtiques de la UPC::Economia i organització d'empreses
title_short Supplier-customer negotiation model: The vendor receives a bonus for holding the inventory
title_full Supplier-customer negotiation model: The vendor receives a bonus for holding the inventory
title_fullStr Supplier-customer negotiation model: The vendor receives a bonus for holding the inventory
title_full_unstemmed Supplier-customer negotiation model: The vendor receives a bonus for holding the inventory
title_sort Supplier-customer negotiation model: The vendor receives a bonus for holding the inventory
dc.creator.none.fl_str_mv Marimon Viadiu, Frederic
Berbegal Mirabent, Jasmina|||0000-0001-5145-2179
author Marimon Viadiu, Frederic
author_facet Marimon Viadiu, Frederic
Berbegal Mirabent, Jasmina|||0000-0001-5145-2179
author_role author
author2 Berbegal Mirabent, Jasmina|||0000-0001-5145-2179
author2_role author
dc.subject.none.fl_str_mv Inventory control
Inventory costs
Optimal batch
EOQ model
Inventory management model
Gestió d'estocs
Àrees temàtiques de la UPC::Economia i organització d'empreses
topic Inventory control
Inventory costs
Optimal batch
EOQ model
Inventory management model
Gestió d'estocs
Àrees temàtiques de la UPC::Economia i organització d'empreses
description This article proposes a model based on economic order quantity (EOQ) for the negotiation between supplier and customer when a benefit is derived to the supplier from taking responsibility for the inventory holding costs. In turn, the customer can afford a smaller batch size since the holding savings enable it to place a greater number of orders. Taking the original situation in which the customer supports both holding and ordering cost as an initial point, the paper analyses the benefits for the supplier and customer in a new situation in which the supplier supports the holding of the inventory. The customer would agree to change to the new scenario due to the savings in the holding cost. The provider would also agree if a bonus is achieved as compensation for the investment in holding costs. The model provides clues for a win-win negotiation between a supplier and a buyer.
publishDate 2018
dc.date.none.fl_str_mv 2018
2018-01-01
2022
2022-01-20
dc.type.none.fl_str_mv journal article
http://purl.org/coar/resource_type/c_6501
VoR
http://purl.org/coar/version/c_970fb48d4fbd8a85
dc.type.openaire.fl_str_mv info:eu-repo/semantics/article
format article
dc.identifier.none.fl_str_mv https://hdl.handle.net/2117/360101
https://dx.doi.org/10.26595/eamr.2014.5.1.5
url https://hdl.handle.net/2117/360101
https://dx.doi.org/10.26595/eamr.2014.5.1.5
dc.language.none.fl_str_mv Inglés
eng
language_invalid_str_mv Inglés
language eng
dc.rights.none.fl_str_mv open access
http://purl.org/coar/access_right/c_abf2
Attribution-NonCommercial-NoDerivs 3.0 Spain
http://creativecommons.org/licenses/by-nc-nd/3.0/es/
dc.rights.openaire.fl_str_mv info:eu-repo/semantics/openAccess
rights_invalid_str_mv open access
http://purl.org/coar/access_right/c_abf2
Attribution-NonCommercial-NoDerivs 3.0 Spain
http://creativecommons.org/licenses/by-nc-nd/3.0/es/
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
dc.publisher.none.fl_str_mv Associació Catalana de Comptabilitat i Direcció
publisher.none.fl_str_mv Associació Catalana de Comptabilitat i Direcció
dc.source.none.fl_str_mv reponame:UPCommons. Portal del coneixement obert de la UPC
instname:Universitat Politècnica de Catalunya (UPC)
instname_str Universitat Politècnica de Catalunya (UPC)
reponame_str UPCommons. Portal del coneixement obert de la UPC
collection UPCommons. Portal del coneixement obert de la UPC
repository.name.fl_str_mv
repository.mail.fl_str_mv
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