An integrated inventory model with quality improvement and two-part credit policy

doi:10.1007/s11750-013-0311-y

淡江大學機構典藏 > 商管學院 > 管理科學學系暨研究所 > 期刊論文 > Item 987654321/99172

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题名:	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
贡献者:	淡江大學管理科學學系
关键词:	Integrated inventory model;Imperfect production process;Two-part trade credit;Capital investment
日期:	2013-12-14
上传时间:	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
显示于类别:	[管理科學學系暨研究所] 期刊論文

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