淡江大學機構典藏:Item 987654321/99671
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    Please use this identifier to cite or link to this item: https://tkuir.lib.tku.edu.tw/dspace/handle/987654321/99671


    Title: Optimal pricing and ordering policies for non-instantaneously deteriorating items under order-size-dependent delay in payments
    Authors: Chang, Chun-Tao;Cheng, Mei-Chuan;Ouyang, Liang-Yuh
    Contributors: 淡江大學統計學系;淡江大學經濟學系;淡江大學管理科學學系
    Keywords: Inventory;Non-instantaneous deteriorating items;Pricing;Trade credit
    Date: 2015-01-01
    Issue Date: 2014-12-09 14:21:44 (UTC+8)
    Publisher: New York: Elsevier Inc.
    Abstract: In today’s competitive business transactions, the supplier may permit his/her retailers a delay in payment in order to encourage the retailers to buy more. During the permissible delay period, the retailer is allowed to postpone paying for the products bought without incurring any interest. In this study, we consider an inventory system with non-instantaneously deteriorating items in circumstances where the supplier provides the retailer with various trade credits linked to order quantity. First, we develop a mathematical model to identify the optimal pricing and ordering policies for maximizing the retailer’s total profit. This followed by a discussion of the characteristics of the optimal solution. We then propose some algorithms for finding the optimal solutions. Finally, numerical examples are presented and a sensitivity analysis is undertaken to illustrate the proposed model.
    Relation: Applied Mathematical Modelling 39(2), pp.747–763
    DOI: 10.1016/j.apm.2014.07.002
    Appears in Collections:[Graduate Institute & Department of Statistics] Journal Article
    [Graduate Institute & Department of Economics] Journal Article
    [Department of Management Sciences] Journal Article

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