A comprehensive extension of the optimal replenishment decisions under two levels of trade credit policy depending on the order quantity | |
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學年 | 102 |
學期 | 1 |
出版(發表)日期 | 2013-11-01 |
作品名稱 | A comprehensive extension of the optimal replenishment decisions under two levels of trade credit policy depending on the order quantity |
作品名稱(其他語言) | |
著者 | Ouyang, Liang-Yuh; Yang, Chih-Te; Chan, Ya-Lan; Leopoldo Eduardo Cárdenas-Barrón |
單位 | 淡江大學管理科學學系 |
出版者 | Philadelphia: Elsevier Inc. |
著錄名稱、卷期、頁數 | Applied Mathematics and Computation 224(1), pp.268–277 |
摘要 | Recently, Kreng and Tan [Expert Systems with Applications 37 (2010) 5514–5522] developed an economic order quantity (EOQ) model under two levels of trade credit policy in which the supplier offers to the wholesaler a permissible delay period M, and the wholesaler also provides its retailers a permissible delay period N (with M > N). In this paper, we point out some inappropriate mathematical expressions in both interest charged and interest earned in Kreng and Tan. For generality, we then extend their model to allow the following facts: (1) the interest rate Ic charged by the supplier is not necessarily higher than the interest rate Ie earned by the wholesaler, and (2) the permissible delay period M offered by the supplier is independent of the permissible delay period N offered by the wholesaler. Furthermore, we study the necessary and sufficient conditions for finding the optimal solution, and thus establish several theoretical results to characterize the solution that provides the minimum annual total relevant cost. Finally, numerical examples are given to illustrate the theoretical results and obtain some managerial insights. |
關鍵字 | Inventory; Finance; Permissible delay in payments |
語言 | en |
ISSN | 0096-3003 |
期刊性質 | 國外 |
收錄於 | SCI |
產學合作 | |
通訊作者 | Yang, Chih-Te |
審稿制度 | 是 |
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/987654321/92457 ) |