Advance sustainable inventory management through advertisement and trade-credit policy

被引:22
|
作者
Mandal, Buddhadev [1 ]
Dey, Bikash Koli [2 ]
Khanra, Sudhansu [3 ]
Sarkar, Biswajit [4 ]
机构
[1] Tecnol Monterrey, Dept Ind & Syst Engn, Sch Engn & Sci, E Garza Sada 2501 Sur, Monterrey 64849, Nuevo Leon, Mexico
[2] Hongik Univ, Dept Ind Engn, 72-1 Mapo Gu, Seoul 04066, South Korea
[3] Tamralipta Mahavidyalaya, Dept Math, Tamluk 721636, India
[4] Yonsei Univ, Dept Ind Engn, 50 Yonsei Ro, Seoul 03722, South Korea
基金
新加坡国家研究基金会;
关键词
Sustainable inventory management; advertisement cost; permissible delay-in-payments; shortages; trade-credit policy; SUPPLY CHAIN MANAGEMENT; QUALITY IMPROVEMENT; EOQ MODEL; VARIABLE PRODUCTION; DEPENDENT DEMAND; COST REDUCTION; LEAD TIME; DETERIORATION; RETAILERS; SYSTEM;
D O I
10.1051/ro/2020067
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
The concept of advanced sustainable inventory management, where demand pattern stock level and advertising dependent under trade-credit policy is taking account in this present study. Optimal credit period and cycle time are the main objective of this advanced system. A developed solution methodology is derived to show the existence of global optimality under optimum credit period and cycle time. The main concern of this advanced system is to maximize the annual total system profit of retailer with finite replenishment rate. Numerical illustration are carry forward for different cases to prove the stainability along with real impact of this model. Sensitive analysis for the key parameters is discussed in sensitivity analysis section along with some real managerial insights.
引用
收藏
页码:261 / 284
页数:24
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