Optimal manufacturer’s replenishment policies in the EPQ model under two levels of trade credit policy

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Title:	Optimal manufacturer’s replenishment policies in the EPQ model under two levels of trade credit policy
Authors:	Teng, Jinn-Tsair;Chang, Chun-Tao
Contributors:	淡江大學統計學系
Keywords:	Inventory;EPQ;Trade Credits;Permissible delay in payments
Date:	2009-06
Issue Date:	2011-10-23 16:38:16 (UTC+8)
Publisher:	Amsterdam: Elsevier BV * North-Holland
Abstract:	In 2007, Huang proposed the optimal retailer’s replenishment decisions in the EPQ model under two levels of trade credit policy, in which the supplier offers the retailer a permissible delay period M, and the retailer in turn provides its customer a permissible delay period N (with N < M). In this paper, we extend his EPQ model to complement the shortcoming of his model. In addition, we relax the dispensable assumptions of N < M and others. We then establish an appropriate EPQ model to the problem, and develop the proper theoretical results to obtain the optimal solution. Finally, a numerical example is used to illustrate the proposed model and its optimal solution.
Relation:	European Journal of Operational Research 195(2), pp.358-363
DOI:	10.1016/j.ejor.2008.02.001
Appears in Collections:	[Graduate Institute & Department of Statistics] Journal Article

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