Retailer's inventory policy and supplier's delivery policy under two-level trade credit strategy

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Title:	Retailer's inventory policy and supplier's delivery policy under two-level trade credit strategy
Authors:	Su, Chia-hsien;歐陽良裕;Ouyang, Liang-yuh;Ho, Chia-huei;Chang, Chun-tao
Contributors:	淡江大學經營決策學系
Keywords:	Inventory;trade credit;integrated model;production;shipment
Date:	2007-10-01
Issue Date:	2010-08-09 17:03:12 (UTC+8)
Publisher:	World Scientific Publishing
Abstract:	This paper presents a stylized model to determine the optimal strategy for the integrated supplier-retailer inventory model under the condition that both the supplier and retailer have adopted a trade credit strategy. By analyzing the total channel profit function, we develop an algorithm to simultaneously determine the retailer's optimal order quantity and the number of shipment per production run from the supplier to the retailer. Our results demonstrate that the trade credit strategy is effective to supply chain system performance when customers are sensitive to the credit period length offered by the retailer. Moreover, when customers are sensitive to the credit period, if the retailer conveys partial advantage gained from the trade credit offered by the supplier to customers by suitably adjusting the customer's credit period then the entire system and every channel partner can benefit.
Relation:	Asia-Pacific Journal of Operational Research 24(5), pp.613-630
DOI:	10.1142/S0217595907001413
Appears in Collections:	[Department of Management Sciences] Journal Article

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