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A Global Optimizing Policy for Decaying Items with Ramp-Type Demand Rate under Two-Level Trade Credit Financing Taking Account of Preservation Technology
Joint Authors
Source
Issue
Vol. 2013, Issue 2013 (31 Dec. 2013), pp.1-12, 12 p.
Publisher
Hindawi Publishing Corporation
Publication Date
2013-02-25
Country of Publication
Egypt
No. of Pages
12
Main Subjects
Abstract EN
An inventory system for deteriorating items, with ramp-type demand rate, under two-level trade credit policy taking account of preservation technology is considered.
The objective of this study is to develop a deteriorating inventory policy when the supplier provides to the retailer a permissible delay in payments, and during this credit period, the retailer accumulates the revenue and earns interest on that revenue; also the retailer invests on the preservation technology to reduce the rate of product deterioration.
Shortages are allowed and partially backlogged.
Sufficient conditions of the existence and uniqueness of the optimal replenishment policy are provided, and an algorithm, for its determination, is proposed.
Numerical examples draw attention to the obtained results, and the sensitivity analysis of the optimal solution with respect to leading parameters of the system is carried out.
American Psychological Association (APA)
Singh, S. R.& Sharma, Swati. 2013. A Global Optimizing Policy for Decaying Items with Ramp-Type Demand Rate under Two-Level Trade Credit Financing Taking Account of Preservation Technology. Advances in Decision Sciences،Vol. 2013, no. 2013, pp.1-12.
https://search.emarefa.net/detail/BIM-447704
Modern Language Association (MLA)
Singh, S. R.& Sharma, Swati. A Global Optimizing Policy for Decaying Items with Ramp-Type Demand Rate under Two-Level Trade Credit Financing Taking Account of Preservation Technology. Advances in Decision Sciences No. 2013 (2013), pp.1-12.
https://search.emarefa.net/detail/BIM-447704
American Medical Association (AMA)
Singh, S. R.& Sharma, Swati. A Global Optimizing Policy for Decaying Items with Ramp-Type Demand Rate under Two-Level Trade Credit Financing Taking Account of Preservation Technology. Advances in Decision Sciences. 2013. Vol. 2013, no. 2013, pp.1-12.
https://search.emarefa.net/detail/BIM-447704
Data Type
Journal Articles
Language
English
Notes
Includes bibliographical references
Record ID
BIM-447704