One theorem is developed to efficiently determine the optimal replenishment and payment policy for the retailer.
📌 3 Maddede Bu Makale
🎯
Amaç & Hipotez:This paper wants to investigate the retailer’s optimal cycle time and optimal payment time under supplier credits including conditionally permissible delay in payments and cash discount depending on retailer payment time.
📊
Temel Bulgular & Veri:That is, the retailer can obtain fully permissible delay in payments and cash discount if the payment is paid before the period of full delay payments permitted by the supplier.
💡
Sonuç & Katkı:One theorem is developed to efficiently determine the optimal replenishment and payment policy for the retailer.
🔬Tür:Araştırma Makalesi
📍Kapsam:Genişletilmiş Akademik Örneklem
⚙️Değişkenler:Alan Parametreleri
Abstract
This paper wants to investigate the retailer’s optimal cycle time and optimal payment time under supplier credits including conditionally permissible delay in payments and cash discount depending on retailer payment time. That is, the retailer can obtain fully permissible delay in payments and cash discount if the payment is paid before the period of full delay payments permitted by the supplier. Otherwise, the retailer will just obtain partially permissible delay in payments within the period of partial delay payments permitted by the supplier. The supplier uses this policy to attract retailer to pay the payment as soon as possible to shorten the collection period. One theorem is developed to efficiently determine the optimal replenishment and payment policy for the retailer.
🔖
Bu Makaleye Atıf Yap
HUANG, Y., HSU, K. (2007). Optimal retailer's inventory policy under supplier credits linked to retailer payment time. Mathematical and Computational Applications, Cilt: 12 - Sayı: 2, 77–86. https://ajindex.com/articles/279995
S.P. Aggarwal and C.K. Jaggi, Ordering policies of deteriorating items under permissible delay in payments. Journal of the Operational Research Society. 46, 658-662, 1995
C.T. Chang, Extended economic order quantity model under cash discount and payment delay. International Journal of Information and Management Sciences. 13, 57-69, 2002
C.T. Chang, L.Y. Ouyang and J.T. Teng, An EOQ model for deteriorating items under supplier credits linked to ordering quantity. Applied Mathematical Modelling.27, 983-996, 2003
K.J. Chung, A theorem on the determination of economic order quantity under conditions of permissible delay in payments. Computers and Operations Research. 25, 49-52, 1998
K.J. Chung and Y.F. Huang, The optimal cycle time for EPQ inventory model under permissible delay in payments. International Journal of Production Economics. 84,307-318, 2003
K.J. Chung and J.J. Liao, Lot-sizing decisions under trade credit depending on the ordering quantity. Computers and Operations Research. 31, 909-928, 2004
S.K. Goyal, Economic order quantity under conditions of permissible delay in payments. Journal of the Operational Research Society. 36, 335-338, 1985
Y.F. Huang, Optimal retailer’s ordering policies in the EOQ model under trade credit financing. Journal of the Operational Research Society. 54, 1011-1015, 2003
Y.F. Huang, Optimal retailer’s replenishment policy for the EPQ model under supplier’s trade credit policy. Production Planning and Control. 15, 27-33, 2004
Y.F. Huang and K.J. Chung, Optimal replenishment and payment policies in the EOQ model under cash discount and trade credit. Asia-Pacific Journal of Operational Research. 20, 177-190, 2003
L.Y. Ouyang, M.S. Chen and K.W. Chuang, Economic order quantity model under cash discount and payment delay. International Journal of Information and Management Sciences. 13, 1-10, 2002
J.T. Teng, On the economic order quantity under conditions of permissible delay in payments. Journal of the Operational Research Society. 53, 915-918, 2002.