A comprehensive extension of the optimal replenishment decisions under two levels of trade credit policy depending on the order quantity
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
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