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    Please use this identifier to cite or link to this item: http://tkuir.lib.tku.edu.tw:8080/dspace/handle/987654321/20107

    Title: Optimal Ordering Policy for a Retailer When Delay in Payments is Permissible
    Authors: Ouyang, Liang-yuh;Cheng, Mei-chuan
    Contributors: 淡江大學經營決策學系
    Keywords: Inventory;Deteriorating Items;Trade Credit;Finance
    Date: 2008-09-01
    Issue Date: 2009-11-30 12:33:46 (UTC+8)
    Publisher: 臺北縣:淡江大學
    Abstract: In this paper, we provide the optimal ordering policy with deteriorating items under permissible delay in payments, and consider two possible ways for the retailer to pay off the loan. In Payment Method 1, we assume that the retailer pays off the amount owed to the supplier whenever he/she has money obtained from sales. In Payment Method 2, the retailer keeps his/her profits for developing new products or other investment use. We then provide easy-to-use algorithms to find the optimal order receipt period and the optimal cycle time. Some numerical examples are presented to illustrate the proposed model. In addition, we make the sensitivity of parameters on the optimal solution and propose economic interpretation.
    Relation: International Journal of Information and Management Sciences=資訊與管理科學 19(3) , pp.437-453
    Appears in Collections:[Department of Management Sciences] Journal Article

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