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    Title: Optimal replenishment decisions under two-level trade credit with partial upstream trade credit linked to order quantity and limited storage capacity
    Authors: Yang, Chih-Te;Ouyang, Liang-Yuh;Hsu, Chang-Hsien;Lee, Kuo-Liang
    Contributors: 淡江大學管理科學學系
    Date: 2014-02-01
    Issue Date: 2014-03-06 15:53:45 (UTC+8)
    Publisher: New York: Hindawi Publishing Corporation
    Abstract: This paper extends the previous economic order quantity (EOQ) models under two-level trade credit such as Goyal (1985), Teng (2002), Huang (2003, 2007), Kreng and Tan (2010), Ouyang et al. (2013), and Teng et al. (2007) to reflect the real-life situations by incorporating the following concepts: (1) the storage capacity is limited, (2) the supplier offers the retailer a partially upstream trade credit linked to order quantity, and (3) both the dispensable assumptions that the upstream trade credit is longer than the downstream trade credit N<M and the interest charged per dollar per year is larger than or equal to the interest earned per dollar per year Ic<Ie are relaxed. We then study the necessary and sufficient conditions for finding the optimal solution for various cases and establish a useful algorithm to obtain the solution. Finally, numerical examples are given to illustrate the theoretical results and provide the managerial insights.
    Relation: Mathematical Problems in Engineering 2014, 736712(14pages)
    DOI: 10.1155/2014/736712
    Appears in Collections:[管理科學學系暨研究所] 期刊論文

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