Article ID: | iaor20073192 |
Country: | Singapore |
Volume: | 23 |
Issue: | 4 |
Start Page Number: | 509 |
End Page Number: | 524 |
Publication Date: | Dec 2006 |
Journal: | Asia-Pacific Journal of Operational Research |
Authors: | Shah Nita H., Gor Ajay S., Soni Hardik |
Keywords: | financial |
An attempt is made to formulate optimal ordering policies for the retailer when the supplier offers progressive credit periods to settle the account. We define progressive credit periods as follows: If the retailer settles the outstanding amount by M, the supplier does not charge any interest. If the retailer pays after M but before N(M < N), then the supplier charges the retailer on the un-paid balance at the rate lc