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This paper studies a vendor-managed-inventory (VMI) supply chain where a manufacturer, as a vendor, procures a type of nondeteriorating raw material to produce a deteriorating product, and distribute it to multiple retailers. The price of the product offered by one retailer is also influenced by the prices offered by other retailers because consumers can choose the product from any of the retailers...
An industrial park is a cluster of enterprises located in one location to share common infrastructure, service and market opportunities. It has been adopted in many countries as an important tool for promoting the economic and industrial development. However, its further development has been impeded by the shortage of land resources especially for enterprises' construction of warehouses. The supply...
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