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:Nash and integrated solutions in a just-in-time seller–buyer supply chain with buyer's ordering cost reductions
學年104
學期1
出版(發表)日期2016/01/12
作品名稱Nash and integrated solutions in a just-in-time seller–buyer supply chain with buyer's ordering cost reductions
作品名稱(其他語言)
著者Kuo-Ren Lou; Lu Wang
單位
出版者
著錄名稱、卷期、頁數International Journal of Systems Science 47(7), pp.1615–1623
摘要The seller frequently offers the buyer trade credit to settle the purchase amount. From the seller's prospective, granting trade credit increases not only the opportunity cost (i.e., the interest loss on the buyer's purchase amount during the credit period) but also the default risk (i.e., the rate that the buyer will be unable to pay off his/her debt obligations). On the other hand, granting trade credit increases sales volume and revenue. Consequently, trade credit is an important strategy to increase seller's profitability. In this paper, we assume that the seller uses trade credit and number of shipments in a production run as decision variables to maximise his/her profit, while the buyer determines his/her replenishment cycle time and capital investment as decision variables to reduce his/her ordering cost and achieve his/her maximum profit. We then derive non-cooperative Nash solution and cooperative integrated solution in a just-in-time inventory system, in which granting trade credit increases not only the demand but also the opportunity cost and default risk, and the relationship between the capital investment and the ordering cost reduction is logarithmic. Then, we use a software to solve and compare these two distinct solutions. Finally, we use sensitivity analysis to obtain some managerial insights.
關鍵字inventory;trade credit;Nash solution;integrated solution;just-in-time;order cost reduction
語言英文
ISSN0020-7721
期刊性質國外
收錄於SCI;
產學合作
通訊作者Kuo-Ren Lou
審稿制度
國別英國
公開徵稿
出版型式,電子版,紙本
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