The EOQ with defective items and partially permissible delay in payments linked to order quantity derived algebraically
學年 100
學期 2
出版(發表)日期 2012-02-01
作品名稱 The EOQ with defective items and partially permissible delay in payments linked to order quantity derived algebraically
作品名稱(其他語言)
著者 Ouyang, Liang-yuh; Chang, Chun-tao; Shum, Philip
單位 淡江大學管理科學學系
出版者 Heidelberg: Springer
著錄名稱、卷期、頁數 Central European Journal of Operations Research 20(1), pp.141-160
摘要 Most researchers established their inventory lot-size models under trade credit financing by assuming that the supplier offers the retailer fully permissible delay in payments and the products received are all non-defective. However, in the real business environment, it often can be observed that the supplier offers the retailer a fully permissible delay in payments only when the order quantity is greater than or equal to the predetermined quantity Q d . In addition, an arriving order lot usually contains some defective items due to imperfect production processes or other factors. To capture this reality, the paper extends Huang (2007) economic order quantity (EOQ) model with partially permissible delay in payments to consider defective items. We formulate the proposed problem as a profit maximization EOQ model in which the replenishment cycle time is the decision variable. Then we use the arithmetic-geometric mean inequality approach to determine the optimal solution under various situations. An algorithm to obtain the optimal solution is also provided. Finally, the numerical examples and sensitivity analysis are given to illustrate the results.
關鍵字 Inventory; EOQ; Defective items; Permissible delay in payment; Arithmetic-geometric mean inequality
語言 en
ISSN 1435-246X
期刊性質 國外
收錄於 SCI
產學合作
通訊作者
審稿制度
國別 DEU
公開徵稿
出版型式 紙本
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