Line-of-Credit Payment Scheme and Its Impact on the Retailer’s Ordering Policy with Inventory-Level-Dependent Demand
المؤلفون المشاركون
He, Zhengwen
Wang, Nengmin
Lin, Feng
Jia, Tao
المصدر
Mathematical Problems in Engineering
العدد
المجلد 2016، العدد 2016 (31 ديسمبر/كانون الأول 2016)، ص ص. 1-17، 17ص.
الناشر
Hindawi Publishing Corporation
تاريخ النشر
2016-09-20
دولة النشر
مصر
عدد الصفحات
17
التخصصات الرئيسية
الملخص EN
Practically, the supplier frequently offers the retailer credit period to stimulate his/her ordering quantity.
However, such credit-period-only policy may lead to the dilemma that the supplier’s account receivable increases with sale volume during delay period, especially for the item with inventory-level-dependent demand.
Thus, a line-of-credit (LOC) payment scheme is usually adopted by the supplier for better controlling account receivables.
In this paper, the two-parameter LOC clause is firstly applied to develop an economic order quantity (EOQ) model with inventory-level-dependent demand, aiming to explore its influences on the retailer’s ordering policy.
Under this new policy, the retailer will be granted full delay payment if his/her order quantity is below a predetermined quantity.
Otherwise, the retailer should make immediate payment for the excess part.
After analyzing the relationships among parameters, two distinct cases and several theoretical results can be derived.
From numerical examples, two incentives, a longer credit period and a lower rate of the retailer’s capital opportunity cost, should account for the retailer’s excessive ordering policy.
And a well-designed LOC clause can be applied to induce the retailer to place an appropriate ordering quantity and ensure the supplier maintains a reasonable account receivable.
نمط استشهاد جمعية علماء النفس الأمريكية (APA)
Jia, Tao& Lin, Feng& He, Zhengwen& Wang, Nengmin. 2016. Line-of-Credit Payment Scheme and Its Impact on the Retailer’s Ordering Policy with Inventory-Level-Dependent Demand. Mathematical Problems in Engineering،Vol. 2016, no. 2016, pp.1-17.
https://search.emarefa.net/detail/BIM-1112132
نمط استشهاد الجمعية الأمريكية للغات الحديثة (MLA)
Jia, Tao…[et al.]. Line-of-Credit Payment Scheme and Its Impact on the Retailer’s Ordering Policy with Inventory-Level-Dependent Demand. Mathematical Problems in Engineering No. 2016 (2016), pp.1-17.
https://search.emarefa.net/detail/BIM-1112132
نمط استشهاد الجمعية الطبية الأمريكية (AMA)
Jia, Tao& Lin, Feng& He, Zhengwen& Wang, Nengmin. Line-of-Credit Payment Scheme and Its Impact on the Retailer’s Ordering Policy with Inventory-Level-Dependent Demand. Mathematical Problems in Engineering. 2016. Vol. 2016, no. 2016, pp.1-17.
https://search.emarefa.net/detail/BIM-1112132
نوع البيانات
مقالات
لغة النص
الإنجليزية
الملاحظات
Includes bibliographical references
رقم السجل
BIM-1112132
قاعدة معامل التأثير والاستشهادات المرجعية العربي "ارسيف Arcif"
أضخم قاعدة بيانات عربية للاستشهادات المرجعية للمجلات العلمية المحكمة الصادرة في العالم العربي
تقوم هذه الخدمة بالتحقق من التشابه أو الانتحال في الأبحاث والمقالات العلمية والأطروحات الجامعية والكتب والأبحاث باللغة العربية، وتحديد درجة التشابه أو أصالة الأعمال البحثية وحماية ملكيتها الفكرية. تعرف اكثر