Optimal pricing, shipment and payment policy for an integrated supplier-buyer inventory model with two-part trade credit
學年 96
學期 2
出版(發表)日期 2008-06-01
作品名稱 Optimal pricing, shipment and payment policy for an integrated supplier-buyer inventory model with two-part trade credit
作品名稱(其他語言)
著者 Ho, Chia-huei; 歐陽良裕; Ouyang, Liang-yuh; Su, Chia-hsien
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 187(2), pp.496-510
摘要 In this article, we develop an integrated supplier–buyer inventory model with the assumption that the market demand is sensitive to the retail price and the supplier adopts a trade credit policy. The trade credit policy discussed in this paper is a “two-part” strategy: cash discount and delayed payment. That is, if the buyer pays within M1, the buyer receives a cash discount; otherwise, the full purchasing price must be paid before M2, where M2>M10. The objective of this research is to determine the optimal pricing, ordering, shipping, and payment policy to maximize the joint expected total profit per unit time. An iterative algorithm is established to obtain the optimal strategy. Furthermore, numerical examples and sensitivity analysis are presented to illustrate the results of the proposed model and to draw managerial insights.
關鍵字 Integrated inventory model; Delay payment; Cash discount; Demand function
語言 en
ISSN 0377-2217
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