An EOQ model with delay in payments and time varying deterioration rate
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TLDR
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.About:
This article is published in Mathematical and Computer Modelling.The article was published on 2012-02-01 and is currently open access. It has received 243 citations till now. The article focuses on the topics: Economic order quantity & Purchasing.read more
Citations
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Optimal lot-sizing and shipment decisions in a three-echelon supply chain for growing items with inventory level- and expiration date-dependent demand
TL;DR: In this article, an integrated model for inventory control in a three-echelon supply chain for growing items, with farming, processing and retail echelons, is formulated, and the effectiveness of a profit enhancement mechanism which relaxes the traditional zero-ending inventory policy at the retail end of the supply chain is investigated.
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An Inventory Model with Finite Replenishment Rate, Trade Credit Policy and Price-Discount Offer
TL;DR: In this paper, the authors considered an economic order quantity (EOQ) model for various types of time-dependent demand when delay in payment and price discount are permitted by suppliers to retailers.
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The inventory and pricing decisions in a three-echelon supply chain of deteriorating items under probabilistic environment
TL;DR: This study addresses the problem of inventory control and pricing in a three-echelon supply chain with deteriorating items and a compensation policy is used for evaluation of the benefits and losses related to non-integrated policies.
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Impact of energy and carbon emission of a supply chain management with two-level trade-credit policy
TL;DR: In this article, the authors considered a two-echelon supply chain with two-level-trade-credit policies (TLTCP) and obtained the optimum decision variables in a quasi-closed form solution.
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Supply chain coordination with trade credit under the CVaR criterion
TL;DR: It is found that, compared with traditional newsvendor setting, the setting of default possibility in trade credit can increase the order quantity but decrease the production quantity, which also depends on the manufacturer’s risk aversion level.
References
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How Many Parts to Make at Once
TL;DR: Experience has shown one manager a way to determine the economical size of lots, and interest on capital tied up in wages, material and overhead sets a maximum limit to the quantity of parts which can be profitably manufactured at one time.
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Recent trends in modeling of deteriorating inventory
TL;DR: The motivations, extensions and generalizations of various models in each sub-class have been discussed in brief to bring out pertinent information regarding model developments in the last decade.
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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.
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Survey of Literature on Continuously Deteriorating Inventory Models
TL;DR: A complete and up-to-date survey of published inventory literature for the deteriorating (decaying) inventory models and a classification scheme is presented along with suggestions for future research.