This paper develops an economic lot-sizing production model for deteriorating items with time dependent quadratic demand and delay in payments under two levels of trade credit policy. The trade credit policy adopted here is a two-level trade credit policy in which the supplier offers the retailer a permissible delay period M, and the retailer in turn provides customers a permissible delay perio...

the water and waste-water industry, as an infrastructure industry, has wide interactions with the public by having more than 20 million subscribers (27 million units). one of these interactions is the collection of debt considering the nature of the obligation sales and service rendered. collection of debt and the costs imposed as a result of the qualitative and quantitative services offered to...

RESUMEN: En este trabajo se hace una tentativa para caracterizado el modelo de inventario para artículos detriorados en un mercado declinante cuando el suministrador ofrece una demora permisible en los pagos. El algoritmo es exhibido para cuando un suministraordetermina la cantidad óptima respecto a la adquisición que minimiza el costo total del inventario por unidad de tiempo. Un ejemplo numér...

This study develops an improved inventory model to help the enterprises to advance their profit increasing and cost reduction in a single vendor single-buyer environment with general demand curve, adjustable production rate, and imperfect reworking process under permissible delay in payments. For advancing practical use in a real world, we are concerned with the following strategy determining, ...

The context of delays significantly affects delay responsibility. Among other things, recoverable damages for a delay should be related to the timing of the corresponding delay and its effect on indirect costs. This paper presents an alternative and integrated approach for quantifying and apportioning delay responsibility. It considers the context of a delay in terms of its timing and the degre...

Abstract: The one-stage credit policy is a situation that arises, under a permissible delay in payments, when the supplier offers a credit period to the retailer, but the latter does not offer any credit period to his/her customers. However, this type of credit policy is debatable in most business transactions. In reality, the retailer also adopts the credit policy to stimulate his/her own dema...

While developing the inventory model with shortages under permissible delay in payments, it has been observed in the literature that the researchers have not considered the fact that the retailer can earn interest on the revenue generated after fulfilling the outstanding demand as soon as he receives the new consignment at the start of the cycle. Owing to this fact, the present study investigat...

The main purpose of this paper is to investigate the retailer’s optimal replenishment policy under permissible delay in payments within the economic order quantity (EOQ) framework. Previously published articles dealing with optimal order quantity with permissible delay in payments assumed that the supplier only offers the retailer single trade credit period. In fact, most suppliers frequently o...