The optimal pricing and ordering policy for an integrated inventory model when trade credit linked to order quantity | |
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學年 | 97 |
學期 | 2 |
出版(發表)日期 | 2009-07-01 |
作品名稱 | The optimal pricing and ordering policy for an integrated inventory model when trade credit linked to order quantity |
作品名稱(其他語言) | |
著者 | Chang, Hung-Chi; Ho, Chia-Huei; Ouyang, Liang-Yuh; Su, Chia-Hsien |
單位 | 淡江大學經營決策學系 |
出版者 | New York: Elsevier Inc. |
著錄名稱、卷期、頁數 | Applied Mathematical Modelling 33(7), pp.2978-2991 |
摘要 | In traditional inventory models, it is implicitly assumed that the buyer must pay for the purchased items as soon as they have been received. However, in many practical situations, the vendor is willing to provide the buyer with a permissible delay period when the buyer’s order quantity exceeds a given threshold. Therefore, to incorporate the concept of vendor–buyer integration and order-size-dependent trade credit, we present a stylized model to determine the optimal strategy for an integrated vendor–buyer inventory system under the condition of trade credit linked to the order quantity, where the demand rate is considered to be a decreasing function of the retail price. By analyzing the total channel profit function, we developed some useful results to characterize the optimal solution and provide an iterative algorithm to find the retail price, buyer’s order quantity, and the numbers of shipment per production run from the vendor to the buyer. Numerical examples and sensitivity analysis are given to illustrate the theoretical results, and some managerial insights are also obtained. |
關鍵字 | Integrated inventory model;Trade credit;Order-size-dependent delay;Pricing |
語言 | en |
ISSN | 0307-904X |
期刊性質 | 國外 |
收錄於 | SCI EI SSCI |
產學合作 | |
通訊作者 | Ho, Chia-Huei |
審稿制度 | |
國別 | USA |
公開徵稿 | |
出版型式 | 紙本 |
相關連結 |
機構典藏連結 ( http://tkuir.lib.tku.edu.tw:8080/dspace/handle/987654321/64884 ) |