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    Please use this identifier to cite or link to this item: http://tkuir.lib.tku.edu.tw:8080/dspace/handle/987654321/19703


    Title: Optimal inventory policy with noninstantaneous receipt under trade credit
    Authors: 歐陽良裕;Ouyang, Liang-yuh;Teng, J. T.;Chuang, K. W.;Chuang, B. R.
    Contributors: 淡江大學經營決策學系
    Keywords: Inventory;Delay in payments;Cash discount;Noninstantaneous receipt
    Date: 2005-12-18
    Issue Date: 2009-11-30 12:19:07 (UTC+8)
    Publisher: Elsevier
    Abstract: In the last two decades, the models for inventory replenishment policies under trade credit have been widely studied by several researchers. However, the extant papers only consider the effects of permissible delay in payments in the inventory systems. In some situations, the supplier also may offer a cash discount to encourage retailer to pay for his purchases quickly. On the other hand, an inventory model with instantaneous receipt is not a common feature in actual practice. For generality, this study develops an inventory model with noninstantaneous receipt under trade credit, in which the supplier provides not only a permissible delay but also a cash discount to the retailer. We then characterize the optimal solution and provide an easy-to-use criterion to find the optimal order strategies. Finally, several numerical examples are presented to illustrate the theoretical results.
    Relation: International Journal of Production Economics 98(3), pp.290-300
    DOI: 10.1016/j.ijpe.2004.06.053
    Appears in Collections:[Graduate Institute & Department of Statistics] Journal Article
    [Department of Management Sciences] Journal Article

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