A Note on Retailer’s Ordering Policy and Payment Policy Under Trade Credit and Cash Discount
نویسنده
چکیده
In this note, we modify the model of Huang [21] discussed with retailer’s ordering policy under conditions of cash discount and trade credit. Mathematical model has been modified for obtaining the optimal cycle time and optimal payment policy for item under cash discount and trade credit so that the annual total cost is minimized. Then, we provide a theorem to efficiently determine the optimal cycle time and optimal payment policy. Finally, a numerical example is solved to illustrate the result given in this note.
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