A Sustainable Advance Payment Scheme for Deteriorating Items with Preservation Technology

Profitably managing inventories is always a big challenge for retailers in the current context of transparent and competitive business. A general retailer needs to handle both deteriorating non-deteriorating products simultaneously run Deterioration sometimes impacts retailer’s profits badly—a situation which can be alleviated by implementing proper preservation technology. In addition, improve minimize costs, seeks some credit facilities (e.g., advance payment, trade facilities, etc.) from supplier continue business smoothly with minimum investment. Advance payment renowned preventing possibility orders being canceled helping risk investing significant amounts at single time. The foremost objective this research analyze technology investment concurrent attempts deal shortages. This study shows that, given presence technology, result case II 68.06% higher than that I, whereas when absent, 71.93% I. managerial insights analysis reveal prolong product life deterioration, contributes profitable On other hand, an scheme, although costs are relatively high, emphasizes importance facility as it limits order cancellation makes more flexible retailer. proposed model solved classical optimization technique. Some theoretical derivations numerical support provide practitioners.