- Tytuł:
- Optimal credit period and ordering quantity for credit dependent trended demand and deteriorating items with maximum lifetime
- Autorzy:
-
Shah, N. H.
Shah, D. B.
Patel, D. G. - Powiązania:
- https://bibliotekanauki.pl/articles/970075.pdf
- Data publikacji:
- 2015
- Wydawca:
- Polska Akademia Nauk. Instytut Badań Systemowych PAN
- Tematy:
-
inventory
trended demand
trade credit
default risk
deterioration
maximum lifetime - Opis:
- In this paper, an inventory system is analyzed regarding a trended demand. The seller offers its buyer a credit period for settling the account, which attracts more buyers and enhances market demand. However, the offer of credit period leads to default risk for the supplier. The units in inventory are deteriorating continuously and also have definite maximum lifetime. The aim is to maximize the profit of the retailer. Numerical examples are given to validate the developed mathematical model. Sensitivity analysis is performed to obtain the critical inventory parameters and deduce the managerial strategies.
- Źródło:
-
Control and Cybernetics; 2015, 44, 2; 311-320
0324-8569 - Pojawia się w:
- Control and Cybernetics
- Dostawca treści:
- Biblioteka Nauki
Artykuł