Supplier’s Optimal Replenishment Time and Trade Credit Period using the Concept of up-Stream and Down-Stream Trade Credits
學年 101
學期 2
發表日期 2013-05-18
作品名稱 Supplier’s Optimal Replenishment Time and Trade Credit Period using the Concept of up-Stream and Down-Stream Trade Credits
作品名稱（其他語言）
著者 Teng, Jinn-Tsair; Lou, Kuo-ren; Wang, Wan-Chih
作品所屬單位 淡江大學管理科學學系
出版者 新北市：淡江大學
會議名稱 The 2013 International Conference in Management Sciences and Decision Making=2013年管理科學與經營決策國際學術研討會
會議地點 Tamsui, New Taipei City, Taiwan
摘要 In practice, to attract new buyers and increase sales, a supplier frequently offers its retailers a credit period to settle the amount owed to him/her. There is no interest charge to a buyer if the purchasing amount is paid within the credit period, and vice versa. a retailer in turn offers another trade credit period N to its customers. The benefits of trade credit are not only to attract new buyers who consider it a type of price reduction, but also to provide a competitive strategy other than introduce permanent price reductions. On the other hand, the policy of granting credit terms adds an additional cost to the seller as well as an additional dimension of default risk. In this paper, we first incorporate the fact that trade credit has a positive impact on demand but negative impacts on costs and default risks to establish an EOQ model for the seller in a supply chain with up-stream and down-stream trade credits. Then we derive the necessary and sufficient conditions to obtain the optimal replenishment time and credit period for the seller. Finally, we use some numerical examples to illustrate the theoretical results.
關鍵字 inventory;permissible delay;trade credits;seller;finance
語言 en
收錄於
會議性質 國際
校內研討會地點 淡水校園
研討會時間 20130518~20130518
通訊作者
國別 TWN
公開徵稿 Y
出版型式
出處 Proceedings of the 2013 International Conference in Management Sciences and Decision Making=2013年管理科學與經營決策國際學術研討會論文集
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