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    題名: An integrated inventory model with quality improvement and two-part credit policy
    作者: Ouyang, Liang-Yuh;Chuang, Cheng-Ru;Ho, Chia-Huei;Wu, Chien-Wei
    貢獻者: 淡江大學管理科學學系
    關鍵詞: Integrated inventory model;Imperfect production process;Two-part trade credit;Capital investment
    日期: 2013-12-14
    上傳時間: 2014-10-16 15:43:05 (UTC+8)
    出版者: Heidelberg: Springer
    摘要: Trade credit financing plays a vital role in current business operations. Vendors extend payment dates to encourage sales, and buyers are not required to pay immediately after receiving products. This is equivalent to receiving a price reduction. Besides, buyers reduce their need for capital from bank loans. In addition, a number of defective products are produced during the production process. The number of defective items influences the on-hand inventory levels of buyers, service levels, and frequency of orders. To ensure that the analysis incorporates a realistic production environment, we developed an integrated inventory model with a two-part trade credit and considered an imperfect production process that can be improved by capital investment. The objective was to determine the optimal ordering, shipping, and quality improvement policies to maximize joint total profit. An iterative algorithm was established to determine the optimal strategy. Furthermore, a sensitivity analysis was conducted to examine the effects of changing parameter values on the optimal solution.
    關聯: TOP 22(3), pp.1042-1061
    DOI: 10.1007/s11750-013-0311-y
    顯示於類別:[管理科學學系暨研究所] 期刊論文

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