An EOQ model for deteriorating items under trade credits

淡江大學機構典藏 > 商管學院 > 管理科學學系暨研究所 > 期刊論文 > Item 987654321/19774

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题名:	An EOQ model for deteriorating items under trade credits
作者:	Ouyang, Liang-yuh;張春桃;Chang, Chun-tao;Teng, Jinn-tsair
贡献者:	淡江大學經營決策學系
关键词:	inventory;cash discount;delay payments;deteriorating items;trade credit
日期:	2005-06
上传时间:	2009-11-30 12:21:32 (UTC+8)
出版者:	Palgrave Macmillan
摘要:	n the classical inventory economic order quantity (or EOQ) model, it was assumed that the supplier is paid for the items immediately after the items are received. However, in practices, the supplier may simultaneously offer the customer: (1) a permissible delay in payments to attract new customers and increase sales, and (2) a cash discount to motivate faster payment and reduce credit expenses. In this paper, we provide the optimal policy for the customer to obtain its minimum cost when the supplier offers not only a permissible delay but also a cash discount. We first establish a proper model, and then characterize the optimal solution and provide an easy-to-use algorithm to find the optimal order quantity and replenishment time. Furthermore, we also compare the optimal order quantity under supplier credits to the classical economic order quantity. Finally, several numerical examples are given to illustrate the theoretical results.
關聯:	Journal of the operational research society 56(6), pp.719-726
DOI:	10.1057/palgrave.jors.2601881
显示于类别:	[管理科學學系暨研究所] 期刊論文 [統計學系暨研究所] 期刊論文

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