Finite Mixture Distributions

Supply chain finance: A systematic literature review and bibliometric analysis

A review of trade credit literature: Opportunities for research in operations

The purpose of this paper is twofold: to classify the research to-date on Supply Chain Finance (SCF) according to the main themes and methods, and to propose directions for future research.,The review is based on 119 papers mainly published from 2000 to 2014 in international peer-reviewed journals and in the proceedings of international conferences.,The articles that provide a definition of SCF reflect two major perspectives: the ‘finance oriented’ perspective - focused on short-term solutions provided by financial institutions, addressing accounts payable and receivable - and the ‘supply chain oriented’ perspective - which might not involve a financial institution, and is focused on working capital optimisation in terms of accounts payable, receivable, inventories, and sometimes even on fixed asset financing.,While efforts were made to be all-inclusive, significant research efforts may have been inadvertently omitted. However, the authors believe that this review is an accurate representation of the body of research on SCF published during the specified timeframe, and feel that confidence may be placed on the resulting assessments.,The paper presents a comprehensive summary of previous research on this topic and identifies the most important issues that need to be addressed in future research. On the basis of the identified gaps in the literature, four key issues have been highlighted which should be addressed in future research.

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Supply chain finance: a literature review

This article reviews lot-size models which focus on coordinated inventory replenishment decisions between buyer and vendor and their impact on the performance of the supply chain. These so-called joint economic lot size (JELS) models determine order, production and shipment quantities from the perspective of the supply chain with the objective of minimizing total system costs. This paper first describes the problem studied, introduces the methodology of the review and presents a descriptive analysis of the selected papers. Subsequently, papers are categorized and analyzed with respect to their contribution to the coordination of different echelons in the supply chain. Finally, the review highlights gaps in the existing literature and suggests interesting areas for future research.

The joint economic lot size problem: a review

This paper considers an inventory system with non-instantaneous deteriorating item in which demand rate is a function of advertisement of an item and selling price. This paper aids the retailer in maximizing the total profit by determining optimal inventory and marketing parameters. In contrast to previous inventory models, an arbitrary holding cost rate and arbitrary deterioration rate have been incorporated to provide general framework to the model. First, a mathematical model is formulated and then some useful theoretical results have been framed to characterize the optimal solutions. The necessary and sufficient conditions for the existence and uniqueness of the optimal solutions are also derived. An algorithm is designed to find the optimum solutions of the proposed model. Numerical examples are included to illustrate the algorithmic procedure and the effects of key parameters are studied to analyze the behavior of the model.

Optimizing inventory and marketing policy for non-instantaneous deteriorating items with generalized type deterioration and holding cost rates

Optimal ordering policy for stock-dependent demand under progressive payment scheme

Optimal replenishment policies for non-instantaneous deteriorating items with price and stock sensitive demand under permissible delay in payment

This article reviews the literature on quantitatively oriented approaches for determining the optimal lot-size when sup- plier offers credit period to the retailer to settle their account. An attempt is made to provide an up-to-date review of existing liter- ature, concentrating on descriptions of the types of problems that have been solved and important structural results.

Hardik N. Soni

Papers

Optimizing inventory and marketing policy for non-instantaneous deteriorating items with generalized type deterioration and holding cost rates

Optimal ordering policy for stock-dependent demand under progressive payment scheme

Optimal replenishment policies for non-instantaneous deteriorating items with price and stock sensitive demand under permissible delay in payment

Inventory models and trade credit: a review

Optimal replenishment policies for deteriorating items with stock sensitive demand under two-level trade credit and limited capacity