There are two kinds of two levels of trade credit policies addressed by Huang [15] and Teng [29], respectively. Liao [21] presents the EPQ model with deteriorating items under two-level trade credit policy from the viewpoint of Huang H while Chang, Teng and Chern [2] discuss the model from the viewpoint of Teng [29]. However, errors are found in the process of the modeling in Chang et al. [2]. The main purpose of this study is to improve the model of Chang et al. [2] and develop a more general EPQ inventory model. A theorem is also provided for practitioners to make right decisions.
机构:
Sitananda Coll, Dept Math, PO PS Nandigram, Midnapore 721631, W Bengal, IndiaSitananda Coll, Dept Math, PO PS Nandigram, Midnapore 721631, W Bengal, India
机构:
Department of Mathematics, The University of Burdwan, Burdwan
School of Engineering and Sciences, Tecnológico de Monterrey, E. Garza Sada 2501 Sur, Monterrey, C.P. 64849, Nuevo LeónDepartment of Mathematics, The University of Burdwan, Burdwan
Shaikh A.A.
Cárdenas-Barrón L.E.
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机构:
School of Engineering and Sciences, Tecnológico de Monterrey, E. Garza Sada 2501 Sur, Monterrey, C.P. 64849, Nuevo LeónDepartment of Mathematics, The University of Burdwan, Burdwan