Journal ArticleDOI
A deterministic EOQ model with delays in payments and price-discount offers
TLDR
In the proposed model, all increasing deterministic demands are discussed analytically, numerically and graphically in the environment of permissible delay in payment and discount offer to the retailer.About:
This article is published in European Journal of Operational Research.The article was published on 2008-01-16. It has received 207 citations till now. The article focuses on the topics: Economic order quantity.read more
Citations
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Journal ArticleDOI
A review of trade credit literature: Opportunities for research in operations
TL;DR: An integrative review of the existing literature on trade credit motives, order quantity decisions, credit term decisions, and settlement period decisions is provided and a detailed agenda for future research in these areas is derived.
Journal ArticleDOI
An EOQ model with delay in payments and time varying deterioration rate
TL;DR: The author develops an EOQ model for time varying deterioration rate where demand and deterioration rate are both time-dependent and the profit function of the model is maximized.
Journal ArticleDOI
An inventory model for deteriorating items under stock-dependent demand and two-level trade credit
Jie Min,Yong-Wu Zhou,Ju Zhao +2 more
TL;DR: In this paper, a lot-sizing model for deteriorating items with a current-stock-dependent demand and delay in payments was developed, where a retailer who purchases the items enjoys a fixed credit period offered by his/her supplier and, in turn, also offers a credit period to his/his customers in order to promote the market competition.
Journal ArticleDOI
An improved inventory model with partial backlogging, time varying deterioration and stock-dependent demand
Biswajit Sarkar,Sumon Sarkar +1 more
TL;DR: In this paper, an inventory model for deteriorating items with stock-dependent demand is proposed, and the aim of this model is to determine the optimal cycle length of each product such that the expected total cost (holding, shortage, ordering, deterioration and opportunity cost) is minimized.
Journal ArticleDOI
An EOQ model with delay in payments and stock dependent demand in the presence of imperfect production
TL;DR: The mathematical models have been derived for obtaining the optimal cycle time so that the annual total relevant cost is minimized and numerical examples along with graphical representation and sensitivity analysis are provided to illustrate the model.
References
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Book
Decision Systems for Inventory Management and Production Planning
TL;DR: In this article, an in-depth discussion of the major decisions in production planning, scheduling, and inventory management faced by organizations, both private and public, is presented, as well as the latest systems used to make decisions, including Just-in-Time Manufacturing, KANBAN, Distribution Requirements Planning and PUSH Control.
DYNAMIC VERSION OF THE ECONOMIC LOT SIZE MODEL*t
Harvey M. Wagner,T. M. Whitin +1 more
TL;DR: In this paper, a forward algorithm for a solution to the following dynamic version of the economic lot size model is given: allowing the possibility of demands for a single item,,inventory holding charges, anid setup costs to vary over N periods, we desire a minimum total cost inventory management scheme which satisfies known demand in every period.
Journal ArticleDOI
Economic Order Quantity under Conditions of Permissible Delay in Payments
TL;DR: In this article, a mathematical model for obtaining the economic order quantity for an item for which the supplier permits a fixed delay in settling the amount owed to him is presented, and an example has been solved to illustrate the method.
Journal ArticleDOI
Ordering Policies of Deteriorating Items under Permissible Delay in Payments
S. P. Aggarwal,Chandra K. Jaggi +1 more
TL;DR: In this paper, an attempt has been made to obtain the optimum order quantity of deteriorating items under a permissible delay in payments, where it is found that the supplier allows a certain fixed period to settle the account, but beyond this period interest is charged under the terms and conditions agreed upon and moreover, interest can be earned on the revenue received during the credit period.
Journal ArticleDOI
An ordering policy for deteriorating items with allowable shortage and permissible delay in payment
TL;DR: In this article, a model to determine an optimal ordering policy for deteriorating items under a permissible delay of payment and allowable shortage was developed, and different facets of the permissible delays in payment were discussed, and this generalized model exhibits a set of solutions that reduces to an existing model.
Related Papers (5)
Ordering Policies of Deteriorating Items under Permissible Delay in Payments
S. P. Aggarwal,Chandra K. Jaggi +1 more