Retailer’s inventory policy for deteriorating items under partial trade credit policy
This paper proposes a mathematical model for retailer’s optimal inventory policy for deteriorating items under the conditions of permissible delay in payment in supply chain coordination. In this paper, supplier offers full trade credit to his/her retailer and the retailer, in turn, provides the par...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
Growing Science
2011-01-01
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| Series: | International Journal of Industrial Engineering Computations |
| Subjects: | |
| Online Access: | http://www.growingscience.com/ijiec/Vol2/IJIEC_2010_44.pdf |
| _version_ | 1818067969771569152 |
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| author | Alok Kumar K. K. Kaanodiaya R. R. Pachaur |
| author_facet | Alok Kumar K. K. Kaanodiaya R. R. Pachaur |
| author_sort | Alok Kumar |
| collection | DOAJ |
| description | This paper proposes a mathematical model for retailer’s optimal inventory policy for deteriorating items under the conditions of permissible delay in payment in supply chain coordination. In this paper, supplier offers full trade credit to his/her retailer and the retailer, in turn, provides the partial trade credit to his/her customer. This research article helps the retailer determine the optimal cost, more accurately. The primary objective is to minimize the retailer’s cost and to determine the optimal inventory policy for retailer. The results of this article generalize some already published results by incorporating deterioration on inventory items. We use some numerical examples to analyze the effects of various parameters on retailer’s inventory policy. |
| first_indexed | 2024-12-10T15:32:08Z |
| format | Article |
| id | doaj.art-588cd199fe504ed0929ccb1f659b26a0 |
| institution | Directory Open Access Journal |
| issn | 1923-2926 1923-2934 |
| language | English |
| last_indexed | 2024-12-10T15:32:08Z |
| publishDate | 2011-01-01 |
| publisher | Growing Science |
| record_format | Article |
| series | International Journal of Industrial Engineering Computations |
| spelling | doaj.art-588cd199fe504ed0929ccb1f659b26a02022-12-22T01:43:21ZengGrowing ScienceInternational Journal of Industrial Engineering Computations1923-29261923-29342011-01-0123699714Retailer’s inventory policy for deteriorating items under partial trade credit policyAlok KumarK. K. KaanodiayaR. R. PachaurThis paper proposes a mathematical model for retailer’s optimal inventory policy for deteriorating items under the conditions of permissible delay in payment in supply chain coordination. In this paper, supplier offers full trade credit to his/her retailer and the retailer, in turn, provides the partial trade credit to his/her customer. This research article helps the retailer determine the optimal cost, more accurately. The primary objective is to minimize the retailer’s cost and to determine the optimal inventory policy for retailer. The results of this article generalize some already published results by incorporating deterioration on inventory items. We use some numerical examples to analyze the effects of various parameters on retailer’s inventory policy.http://www.growingscience.com/ijiec/Vol2/IJIEC_2010_44.pdfInventoryEOQInventoryPartial trade creditDeteriorationSupply chain |
| spellingShingle | Alok Kumar K. K. Kaanodiaya R. R. Pachaur Retailer’s inventory policy for deteriorating items under partial trade credit policy International Journal of Industrial Engineering Computations Inventory EOQ Inventory Partial trade credit Deterioration Supply chain |
| title | Retailer’s inventory policy for deteriorating items under partial trade credit policy |
| title_full | Retailer’s inventory policy for deteriorating items under partial trade credit policy |
| title_fullStr | Retailer’s inventory policy for deteriorating items under partial trade credit policy |
| title_full_unstemmed | Retailer’s inventory policy for deteriorating items under partial trade credit policy |
| title_short | Retailer’s inventory policy for deteriorating items under partial trade credit policy |
| title_sort | retailer s inventory policy for deteriorating items under partial trade credit policy |
| topic | Inventory EOQ Inventory Partial trade credit Deterioration Supply chain |
| url | http://www.growingscience.com/ijiec/Vol2/IJIEC_2010_44.pdf |
| work_keys_str_mv | AT alokkumar retailersinventorypolicyfordeterioratingitemsunderpartialtradecreditpolicy AT kkkaanodiaya retailersinventorypolicyfordeterioratingitemsunderpartialtradecreditpolicy AT rrpachaur retailersinventorypolicyfordeterioratingitemsunderpartialtradecreditpolicy |