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: | Sarkar Biswajit, Saren Sharmila, Crdenas-Barrn Leopoldo |
Keywords: | retailing, combinatorial optimization |
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.