Article ID: | iaor200969144 |
Country: | United Kingdom |
Volume: | 6 |
Issue: | 3 |
Start Page Number: | 360 |
End Page Number: | 379 |
Publication Date: | Jul 2009 |
Journal: | International Journal of Operational Research |
Authors: | Khanna Aditi, Jaggi Chandra K |
Keywords: | deteriorating items |
The main objective of this paper is to model the retailer's cost minimisation retail strategy when he confronts with the supplier trade promotion offer of credit policy of the type 'd/D1/' under inflationary conditions and inflation-induced demand. A simple-to-use algorithm has been used to obtain the optimal order quantity and total cost. Results have been validated with the help of numerical example along with the sensitivity analysis.