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    Please use this identifier to cite or link to this item: http://tkuir.lib.tku.edu.tw:8080/dspace/handle/987654321/100838

    Title: Advance sales system with price-dependent demand and an appreciation period under trade credit.
    Authors: 鄭美娟
    Liang-Yuh Ouyang
    Contributors: 管理科學學系暨研究所
    Keywords: Inventory;Trade credit;Advance sales;Return products;Finance
    Date: 2014-05-17
    Issue Date: 2015-03-16 10:43:07 (UTC+8)
    Abstract: With globalization, companies are facing fierce competition. Offering appreciation period has become a commonly adopted method to retailers in order to sustain competitive advantage. During the appreciation period, customers can make a request to return products for any kind of reason. In addition, retailers provide advance sales to attract more customers. The supplier usually provides the retailer a trade credit to attract more customers who consider it to be a type of price reduction. Price is viewed as an important vehicle to sell products and enhance revenues. Therefore, in this article, we establish an inventory model with price-dependent demand for a retailer who simultaneously receives trade credit from its supplier, and offers advance sales and appreciation period to its customers. We first establish a proper model, and then provide an easy-to-use method to obtain ordering policy for the retailer to achieve its maximum total profit. Finally, numerical examples are given to illustrate the solution procedure.
    Relation: The 2014 International Conference in Management Sciences and Decision Making, Tamkang University, May, 2014.
    Appears in Collections:[管理科學學系暨研究所] 會議論文

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