A deteriorating inventory model with credit-linked demand under permissible delay in payments

被引:0
|
作者
Yang, Aifeng [1 ]
Liu, Xiaochen [1 ]
Zhou, Yongwu [1 ]
机构
[1] Hefei Univ Technol, Sch Management, Hefei 230009, Anhui, Peoples R China
关键词
Credit-linked demand; inventory; deteriorating;
D O I
暂无
中图分类号
C93 [管理学]; O22 [运筹学];
学科分类号
070105 ; 12 ; 1201 ; 1202 ; 120202 ;
摘要
It is observed that credit period offered by the retailer to its customers has a positive impact on demand of an item, but the impact of credit period on demand has received a very little attention. In this paper, it is assumed that demand is linked to credit period offered by the retailer to the customers. And it develops a new inventory model for deteriorating items under two levels of trade credit policy to reflect the real-life situations. An easy-to-use algorithm is proposed to determine the optimal credit as well as replenishment policy jointly for the retailer. Finally, numerical examples are conducted to verify the theoretical model.
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页码:517 / 522
页数:6
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