Economic order quantity with allowable shortage and quantitydiscounts under permissible delay in payments

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Title:	Economic order quantity with allowable shortage and quantitydiscounts under permissible delay in payments
Authors:	歐陽良裕;Ouyang, Liang-yuh;Chuang, K. W.
Contributors:	淡江大學經營決策學系
Keywords:	Inventory;shortage;quantity discounts;delay in payments
Date:	2004-01-01
Issue Date:	2009-11-30 12:20:22 (UTC+8)
Publisher:	Analytic Publishing Co
Abstract:	This paper deals with the inventory problem of economic order quantity with shortage and quantity discounts under permissible delay in payments. In practice, the supplier allows a certain fixed credit period to settle the account for stimulating retailer's demand. In addition, in some situations, the supplier also may offer a quantity discount to encourage retailer to increase order quantity. The objective of this model is to determine the optimal order quantity and optimal positive stock period so that the total relevant cost per year is minimized. Also, numerical examples are presented to illustrate the proposed model.
Relation:	Journal of information & optimization sciences 25(1), pp.53-61
DOI:	10.1080/02522667.2004.10699592
Appears in Collections:	[Department of Management Sciences] Journal Article

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