SINGLE-VENDOR SINGLE-BUYER MODEL FOR FOOD COLD ITEM UNDER FINITE LIFETIME INVOLVING ADVANCE PAYMENT

Septayana, Jude (2020) SINGLE-VENDOR SINGLE-BUYER MODEL FOR FOOD COLD ITEM UNDER FINITE LIFETIME INVOLVING ADVANCE PAYMENT. S1 thesis, Universitas Atma Jaya Yogyakarta.

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Abstract

In today's competition, market, and industry management competing to collaborate,and forms the supply chain.. The food cold chain is one of the supply chains with special characteristics preserving the goods by controlled temperature. Besides, food cold items limited lifetimes that make them perishable. The vendor may request the buyer advance payments before the goods deliveryto secure the payment. This research studies a single-vendor single-buyer model for food cold items under finite lifetime involving advance payment. The motivation of this research is to extend previous researches by applying the lifetime product and advance payment on vendor-buyer collaboration. This paper also gives numerical examples to illustrate the model and get some insight to minimize the cost. The proposed model optimizes the cycle time that will minimize the total costs, also the result shows that the advance payment significantly effect the total cost of vendor and buyer for food cold items and need to make agree in terms of the period for advance payment.

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