![](/images/graphics-bg.png)
Integrated Inventory Model for Deteriorating Items with Price-Dependent Demand under Quantity-Dependent Trade Credit
Author
Source
International Journal of Manufacturing Engineering
Issue
Vol. 2013, Issue 2013 (31 Dec. 2013), pp.1-8, 8 p.
Publisher
Hindawi Publishing Corporation
Publication Date
2013-12-10
Country of Publication
Egypt
No. of Pages
8
Main Subjects
Engineering Sciences and Information Technology
Abstract EN
This paper explores an integrated inventory model when the deterioration rate follows exponential distribution under trade credit.
Here, it is assumed that demand rate is a function of selling price and the permissible delay in payment depends on the order quantity.
In the model shortages are completely backlogged.
The maximization of the total profit per unit of time is taken as the objective function to study the retailer’s optimal ordering policy.
This paper also presents a practical application example where the proposed inventory model is utilized to support business decision making.
Particularly, the model developed in the paper could be useful in the area of supply chain management.
Finally, sensitivity analysis of the optimal solution with respect to major parameters is carried out.
Our result illustrates that this model can be quite useful in determining the optimal ordering policy when the trade credit period is being analyzed.
American Psychological Association (APA)
Annadurai, Karuppuchamy. 2013. Integrated Inventory Model for Deteriorating Items with Price-Dependent Demand under Quantity-Dependent Trade Credit. International Journal of Manufacturing Engineering،Vol. 2013, no. 2013, pp.1-8.
https://search.emarefa.net/detail/BIM-472427
Modern Language Association (MLA)
Annadurai, Karuppuchamy. Integrated Inventory Model for Deteriorating Items with Price-Dependent Demand under Quantity-Dependent Trade Credit. International Journal of Manufacturing Engineering No. 2013 (2013), pp.1-8.
https://search.emarefa.net/detail/BIM-472427
American Medical Association (AMA)
Annadurai, Karuppuchamy. Integrated Inventory Model for Deteriorating Items with Price-Dependent Demand under Quantity-Dependent Trade Credit. International Journal of Manufacturing Engineering. 2013. Vol. 2013, no. 2013, pp.1-8.
https://search.emarefa.net/detail/BIM-472427
Data Type
Journal Articles
Language
English
Notes
Includes bibliographical references
Record ID
BIM-472427