An economic order quantity model for deteriorating items with partially permissible delay in payments linked to order quantity
學年 97
學期 2
出版（發表）日期 2009-04-16
作品名稱 An economic order quantity model for deteriorating items with partially permissible delay in payments linked to order quantity
作品名稱（其他語言）
著者 Ouyang, Liang-Yuh; Teng, Jinn-Teng; Goyal, Suresh Kumar; Yang, Chih-Te
單位 淡江大學經營決策學系
出版者 Amsterdam: Elsevier BV * North-Holland
著錄名稱、卷期、頁數 European Journal of Operational Research 194(2), pp.418-431
摘要 To attract more sales suppliers frequently offer a permissible delay in payments if the retailer orders more than or equal to a predetermined quantity W. In this paper, we generalize [Goyal, S.K., 1985. EOQ under conditions of permissible delay in payments. Journal of the Operational Research Society 36, 335–338] economic order quantity (EOQ) model with permissible delay in payment to reflect the following real-world situations: (1) the retailer’s selling price per unit is significantly higher than unit purchase price, (2) the interest rate charged by a bank is not necessarily higher than the retailer’s investment return rate, (3) many items such as fruits and vegetables deteriorate continuously, and (4) the supplier may offer a partial permissible delay in payments even if the order quantity is less than W. We then establish the proper mathematical model, and derive several theoretical results to determine the optimal solution under various situations and use two approaches to solve this complex inventory problem. Finally, a numerical example is given to illustrate the theoretical results.
關鍵字 Inventory;EOQ;Trade credits;Partially permissible delay in payment;Finance
語言 en
ISSN 0377-2217
期刊性質 國外
收錄於 SCI EI
產學合作
通訊作者 Ouyang, Liang-Yuh
審稿制度
國別 NLD
公開徵稿
出版型式 紙本
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