Optimal pricing and ordering policies for non-instantaneously deteriorating items under order-size-dependent delay in payments
نویسندگان
چکیده
Article history: Received 4 October 2011 Received in revised form 29 May 2014 Accepted 8 July 2014 Available online 18 July 2014
منابع مشابه
An inventory model for non-instantaneous deteriorating items with imperfect quality, delay in payments and time value money
In this paper, Economic Order Quantity ( ) based model for non-instantaneous deteriorating items with imperfect quality, permissible delay in payments and inflation is proposed. We adopt a time-dependent demand function. Also, the effects of time value of money are studied using the Discounted Cash Flow approach. Moreover, we assume that orders may contain a random proportion of defective items...
متن کاملOptimal pricing and ordering policy for inflation dependent demand rate under permissible delay in payments
This paper deals with economic ordering policies for deteriorating items with inflation dependent demand rate under permissible delay in payments by considering selling price is necessarily higher than purchasing cost. We obtain optimal cycle time and we show the total cost function is concave for both cases i.e. case I and case II. We then develop an algorithm for a retailer to determine its o...
متن کاملEOQ Model for Deteriorating Items with Exponential Time Dependent Demand Rate under Inflation When Supplier Credit Linked to Order Quantity
In paper (2004) Chang studied an inventory model under a situation in which the supplier provides the purchaser with a permissible delay of payments if the purchaser orders a large quantity. Tripathi (2011) also studied an inventory model with time dependent demand rate under which the supplier provides the purchaser with a permissible delay in payments. This paper is motivated by Chang (2004) ...
متن کاملOptimal pricing and replenishment policies for instantaneous deteriorating items with backlogging and trade credit under inflation
In this paper we develop an economic order quantity model to investigate the optimal replenishment policies for instantaneous deteriorating items under inflation and trade credit. Demand rate is a linear function of selling price and decreases negative exponentially with time over a finite planning horizon. Shortages are allowed and partially backlogged. Under these conditions, we model the ret...
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...
متن کامل