Optimal Inventory Planning under Permissible Delay in Payments When a Larger Order Quantity
نویسندگان
چکیده
منابع مشابه
Economic order quantity under conditionally permissible delay in payments
Within the economic order quantity (EOQ) framework, the main purpose of this paper is to investigate the retailer’s optimal replenishment policy under permissible delay in payments. All previously published articles dealing with optimal order quantity with permissible delay in payments assumed that the supplier only offers the retailer fully permissible delay in payments if the retailer ordered...
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In today’s business transactions, it is frequently observed that a customer is allowed some grace period (permissible delay in payment) before settling the account with the supplier or producer. This policy is advantageous both for the supplier and customer since supplier attracts more customers and customer does not have to pay any interest during this fixed period either. In this paper, the r...
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The present study was carried out to investigate Goyal’s model (1985) and Teng’s model (2002) using the algebraic method to determine the optimal cycle time under delay payments. This paper provides algebraic approach that must be considered as a pedagogical advantage for explaining the inventory concept to students that lack knowledge of derivatives. This algebraic approach could therefore be ...
متن کاملOptimal Ordering Policy with Stock-Dependent Demand Rate under Permissible Delay in Payments
We develop an inventory model to determine optimal ordering policy under permissible delay in payment by considering demand rate to be stock dependent. Mathematical models are derived under two different cases: credit period being greater than or equal to cycle time for settling the account, and credit period being less than or equal to cycle time for settling the account. The results are illus...
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ژورنال
عنوان ژورنال: Journal of Applied Sciences
سال: 2008
ISSN: 1812-5654
DOI: 10.3923/jas.2008.1049.1054