Abstract: The single manufacturer multi-buyer integrated inventory supply chain problem with deterministic lead time of delivering batches (sub-lot) of a lot has received a considerable attention of researchers. Because of the influences of various factors, usually deviation in the times of setting up of a machine, inspection, loading, transportation, unloading etc. occurs, which in turn leads to the deviation in the lead time of delivering batches of a lot. However, the single-manufacturer multi-buyer problem with stochastic lead time has received no attention of researchers. To fill up this gap, here we develop a generalized single-manufacturer multi-buyer integrated inventory supply chain model with stochastic lead time of delivering equal-sized batches of a lot. Then an optimal solution technique to the model is developed. Thereafter, the solution method is illustrated with numerical examples, and various numerical problems are solved to show the potential significance of this solution metho

• Publication Date: 05-May-2014
• DOI: 10.15224/978-1-63248-018-7-29
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Abstract: Any discussion on the subject of globalisation and trade will inevitably involve consideration of a possible method of ensuring that the international trading system gets the most out of the globalisation. Such a scenario will entail discussing international trade activity against the backdrop of globalisation, and more importantly attaining the objective/s of such activity. This paper will commence by discussing the phenomenon called globalisation, to understand what it is and what if any are the potential benefits from it. An analysis into whether globalisation is delivering what it is expected to, and if not why is it not able to, will be undertaken. There are strong arguments that globalisation, especially in the context of international trade need regulation for it to be a positive element. The result of this analysis will then lead to a consideration of international trade theories and philosophies to ascertain the objectives of engaging in international trade activity. The outco

• Publication Date: 05-May-2014
• DOI: 10.15224/978-1-63248-018-7-34
• Views: 0
• Downloads: 0