Optimal replenishment and credit policy in supply chain inventory model under two levels of trade credit with time- and credit-sensitive demand involving default risk
نویسندگان
چکیده
منابع مشابه
Optimal replenishment decision in an EPQ model with defective items under supply chain trade credit policy
The traditional inventory of the economic order quantity model assumes perfect items in an ordered lot and an infinite replenishment rate. However, such conditions are rare in actual production environments. Additionally, most studies of this problem have only considered suppliers offering the wholesaler a grace period. In practice, wholesalers often extend a fixed credit period to downstream c...
متن کاملTwo retailer–supplier supply chain models with default risk under trade credit policy
The purpose of the paper is to formulate two uncooperative replenishment models with demand and default risk which are the functions of the trade credit period, i.e., a Nash equilibrium model and a supplier-Stackelberg model. Firstly, we present the optimal results of decentralized decision and centralized decision without trade credit. Secondly, we derive the existence and uniqueness condition...
متن کاملOptimal retailer's replenishment decisions in the EPQ model under two levels of trade credit policy
The main purpose of this paper is to investigate the optimal retailer’s replenishment decisions under two levels of trade credit policy within the economic production quantity (EPQ) framework. We assume that the supplier would offer the retailer a delay period and the retailer also adopts the trade credit policy to stimulate his/her customer demand to develop the retailer’s replenishment model ...
متن کاملRetailer's optimal credit and replenishment policy for deteriorating items with credit linked demand in a supply chain
It has been generally observed that the credit period has become a major concern for most of retailers, as it not only has direct influence on inventory and finance, but also on the demand of an item. Unfortunately, for deteriorating items, the impact of the credit period on demand has not received much attention in the literature, whereas in reality, the length of the credit period offered by ...
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ژورنال
عنوان ژورنال: Journal of Industrial Engineering International
سال: 2017
ISSN: 1735-5702,2251-712X
DOI: 10.1007/s40092-017-0208-8