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    Title: An EOQ model for deteriorating items under supplier credits linked to ordering quantity
    Authors: Chang, Chun-Tao;Ouyang, Liang-Yuh;Teng, Jinn-Tsair
    Contributors: 淡江大學統計學系
    Keywords: Inventory;Finance;Lot-size;Delay payments;Deteriorating items
    Date: 2003-12
    Issue Date: 2013-06-07 10:36:24 (UTC+8)
    Publisher: New York: Modelling Elsevier Inc.
    Abstract: In the classical inventory economic order quantity (or EOQ) model, it was assumed that the purchaser must pay for the items received immediately. However, in practices, the supplier usually is willing to provide the purchaser a permissible delay of payments if the purchaser orders a large quantity. As a result, in this paper, we establish an EOQ model for deteriorating items, in which the supplier provides a permissible delay to the purchaser if the order quantity is greater than or equal to a predetermined quantity. We then characterize the optimal solution and provide an easy-to-use algorithm to find the optimal order quantity and replenishment time. Finally, several numerical examples are given to illustrate the theoretical results.
    Relation: Applied Mathematical Modelling 27(12), pp.983-996
    DOI: 10.1016/S0307-904X(03)00131-8
    Appears in Collections:[統計學系暨研究所] 期刊論文

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