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

Title
An inventory model with trade-credit policy and variable deterioration for fixed lifetime products
Author
Biswajit Sarkar
Keywords
Inventory; Trade-credit policy; Variable deterioration; Fixed lifetime; TIME-VARYING DETERIORATION; ECONOMIC ORDER QUANTITY; STOCK-DEPENDENT DEMAND; OPTIMAL REPLENISHMENT DECISIONS; SUPPLY CHAIN MANAGEMENT; UNIT PRODUCTION COST; PERMISSIBLE DELAY; EOQ MODEL; PROBABILISTIC DETERIORATION; LOT-SIZE
Issue Date
2015-06
Publisher
SPRINGER
Citation
ANNALS OF OPERATIONS RESEARCH, v. 229, No. 1, Page. 677-702
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 (Expert Syst Appl 39(3):3537-3550, 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.
URI
https://link.springer.com/article/10.1007/s10479-014-1745-9http://hdl.handle.net/20.500.11754/36135
ISSN
0254-5330; 1572-9338
DOI
10.1007/s10479-014-1745-9
Appears in Collections:
COLLEGE OF ENGINEERING SCIENCES[E](공학대학) > INDUSTRIAL AND MANAGEMENT ENGINEERING(산업경영공학과) > Articles
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