Vendor–buyer inventory models with trade credit financing under both non-cooperative and integrated environments

doi:10.1080/00207721.2011.564322

淡江大學機構典藏 > 商管學院 > 統計學系暨研究所 > 期刊論文 > Item 987654321/69243

Please use this identifier to cite or link to this item: https://tkuir.lib.tku.edu.tw/dspace/handle/987654321/69243

Title:	Vendor–buyer inventory models with trade credit financing under both non-cooperative and integrated environments
Authors:	Teng, Jinn-tsair;Chang, Chun-tao;Chern, Maw-sheng
Contributors:	淡江大學統計學系
Keywords:	inventory;trade credits;non-cooperative solution;cooperative solution;permissible delay in payments
Date:	2012-09
Issue Date:	2011-10-23 16:43:01 (UTC+8)
Publisher:	Abingdon: Taylor & Francis
Abstract:	Most researchers studied vendor–buyer supply chain inventory policies only from the perspective of an integrated model, which provides us the best cooperative solution. However, in reality, not many vendors and buyers are wholly integrated. Hence, it is necessary to study the optimal policies not only under an integrated environment but also under a non-cooperative environment. In this article, we develop a supply chain vendor–buyer inventory model with trade credit financing linked to order quantity. We then study the optimal policies for both the vendor and the buyer under a non-cooperative environment first, and then under a cooperative integrated situation. Further, we provide some numerical examples to illustrate the theoretical results, compare the differences between these two distinct solutions, and obtain some managerial insights. For example, in a cooperative environment, to reduce the total cost for both parties, the vendor should either provide a simple permissible delay without order quantity restriction or offer a long permissible delay linked order quantity. By contrast, in a non-cooperative environment, the vendor should provide a short permissible delay to reduce its total cost.
Relation:	International Journal of Systems Science 43(11), pp. 2050-2061
DOI:	10.1080/00207721.2011.564322
Appears in Collections:	[統計學系暨研究所] 期刊論文

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