教師資料查詢 | 類別: 期刊論文 | 教師: 婁國仁 LOU, KUO-REN (瀏覽個人網頁)

標題:Optimal trade credit and order quantity when trade credit impacts on both demand rate and default risk
學年102
學期1
出版(發表)日期2013/10/01
作品名稱Optimal trade credit and order quantity when trade credit impacts on both demand rate and default risk
作品名稱(其他語言)
著者Lou, Kuo-Ren; Wang, Wan-Chih
單位淡江大學管理科學學系
出版者Basingstoke: Palgrave Macmillan Ltd.
著錄名稱、卷期、頁數Journal of the Operational Research Society 64(10), pp.1551-1556
摘要In practice, to attract new buyers and to avoid lasting price competition, a seller frequently offers its buyers a permissible delay in payment (ie, trade credit). However, the policy of granting a permissible delay in payment adds an additional dimension of default risk to the seller. In contrast to previous researchers for finding optimal solutions to buyers, we first propose an economic order quantity model from the seller's prospective to determine its optimal trade credit and order quantity simultaneously. In addition, we incorporate the important and relevant fact that trade credit has a positive impact on demand rate but a negative impact on receiving the buyer's debt obligations. Then the necessary and sufficient conditions to obtain the seller's optimal trade credit and order quantity are derived. An algorithm to determine the seller's optimal trade credit is also proposed. Finally, we use some numerical examples to illustrate the theoretical results and to provide some managerial insights.
關鍵字inventory; trade credit; default risk; optimization
語言
ISSN0160-5682
期刊性質
收錄於SCI
產學合作
通訊作者
審稿制度
國別英國
公開徵稿
出版型式電子版
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