An inventory model with trade-credit policy and variable deterioration for fixed lifetime products

An inventory model with trade-credit policy and variable deterioration for fixed lifetime products

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Article ID: iaor201526006
Volume: 229
Issue: 1
Start Page Number: 677
End Page Number: 702
Publication Date: Jun 2015
Journal: Annals of Operations Research
Authors: , ,
Keywords: retailing, combinatorial optimization
Abstract:

The purpose of this study is two-fold. The first is to consider supplier’s and retailer’s trade-credit policy for fixed lifetime products and the second is to extend Mahata’s 2012 model with time varying deterioration where Mahata (2012) wrote exponential deterioration but actually he considered constant deterioration. We assume that the suppliers offer full trade-credit to retailers but retailers offer partial trade-credit to their customers. Some numerical examples along with graphical representations are given to illustrate the model.

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