(i) There is a delay by the intermediary in making payment to the SNF. (ii) Due to an exceptional situation, there is a temporary delay in the SNF’s preparation and submittal of bills to the intermediary beyond its normal billing cycle. (2) Approval of payment. An SNF’s request for an accelerated payment must be approved by the intermediary and HCFA. (3) Amount of payment. The amount of the acc...

The retailer (buyer) is usually allowed a permissible credit period to pay back the dues without paying any interest to the wholesaler (supplier). In this problem the retailer can pay the wholesaler either at the end of credit period or later incurring interest charges on the unpaid balance for the overdue period. This research develops a retailer's model for optimal cycle and payment times for...

Although the lot size problem (i.e., the economic order quantity model) has been widely accepted and used by researchers and practitioners, it has also been criticized by others on the grounds that not accounting for some of the hidden costs in inventory systems often lead to poor results. This paper postulates that estimating these hidden costs may be attained by applying the first and second ...

This paper investigates the economic order quantity inventory model for a retailer under two levels of trade credit to reflect the supply chain management situation. It is assumed that the retailer maintains a powerful position and can obtain full trade credit offered by supplier, yet the retailer just offers the partial trade credit to customers. Under these conditions, the retailer can obtain...

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...

In this study a deterministic inventory model for deteriorating items with stock dependent demand is developed. In this model the shortages are allowed and partially backlogged and the effect of inflation rate and delay in payments are discussed. This paper establishes an inventory model for the deteriorating items and stock dependent demand rate under inflation when the supplier offers a permi...

A pendulum can be stabilised in its upright position by proportionalplus-derivative (PD) feedback control only if the latency in the control loop is smaller than a certain critical delay. This critical delay is determined by the presence of a fully symmetric triple-zero eigenvalue singularity, a bifurcation of codimension three. We investigate three possible modifications of the PD scheme with ...