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Optimal Inventory Policy under Permissible Payment Delay in Fashion Supply Chains
Joint Authors
Li, Guo
Kang, Yuchen
Wang, Zhaohua
Liu, Mengqi
Source
Mathematical Problems in Engineering
Issue
Vol. 2014, Issue 2014 (31 Dec. 2014), pp.1-9, 9 p.
Publisher
Hindawi Publishing Corporation
Publication Date
2014-05-08
Country of Publication
Egypt
No. of Pages
9
Main Subjects
Abstract EN
This paper investigates a retailer’s optimal inventory cycle and the corresponding time of payment in fashion supply chains where a supplier allows the payment delay.
Here according to the established model we first analyze the retailer's reaction, and then find out the retailer’s optimal inventory policy and time of payment to maximize its total profit.
Our result shows that it is not always the best choice for retailers of fashion supply chains to choose the discount way to replenish stocks, but the retailer can decide the optimal credit period and inventory cycle.
Moreover, numerical examples are provided to illustrate the model’s feasibility and rationality.
American Psychological Association (APA)
Li, Guo& Kang, Yuchen& Liu, Mengqi& Wang, Zhaohua. 2014. Optimal Inventory Policy under Permissible Payment Delay in Fashion Supply Chains. Mathematical Problems in Engineering،Vol. 2014, no. 2014, pp.1-9.
https://search.emarefa.net/detail/BIM-463796
Modern Language Association (MLA)
Li, Guo…[et al.]. Optimal Inventory Policy under Permissible Payment Delay in Fashion Supply Chains. Mathematical Problems in Engineering No. 2014 (2014), pp.1-9.
https://search.emarefa.net/detail/BIM-463796
American Medical Association (AMA)
Li, Guo& Kang, Yuchen& Liu, Mengqi& Wang, Zhaohua. Optimal Inventory Policy under Permissible Payment Delay in Fashion Supply Chains. Mathematical Problems in Engineering. 2014. Vol. 2014, no. 2014, pp.1-9.
https://search.emarefa.net/detail/BIM-463796
Data Type
Journal Articles
Language
English
Notes
Includes bibliographical references
Record ID
BIM-463796