Article ID: | iaor200970333 |
Country: | India |
Volume: | 30 |
Issue: | 2 |
Start Page Number: | 367 |
End Page Number: | 373 |
Publication Date: | Mar 2009 |
Journal: | Journal of Information & Optimization Sciences |
Authors: | Chung Kun-Jen, Lin Shy-Der |
Keywords: | retailing |
Huang (2005) presents retailer's inventory model under supplier's partial trade credit policy. He developsa theorem to characterize the optimal solution. Although his inventory model is correct and interesting, processes of arguments of that theorem to search for the optimal replenishmentcycle time arc not complete. So, the main purpose of this paper is to overcome those shortcomings and present a complete proof for Huang (2005).