Optimal pricing and lot-sizing policy for a two-warehouse supply chain system with perishable items under partial trade credit financing

被引:7
作者
Thangam A. [1 ]
Uthayakumar R. [1 ]
机构
[1] Department of Mathematics, Gandhigram Rural University, Dindigul, TamilNadu 624302, Gandhigram
关键词
EOQ model; Partial trade credit; Perishable items; Supply chain;
D O I
10.1007/s12351-009-0066-2
中图分类号
学科分类号
摘要
Usually, in real life business, supplier is willing to provide a retailer a trade credit period if the retailer orders a large quantity. So the retailer purchases more goods than that can be stored in his own warehouse and these excess quantities are stored in a rented warehouse. In practice, we observe that the demand depends on the selling price and the retailer offers the partial trade credit option to his customers. In this paper, we develop an economic-order-quantity-based model with perishable items and two-storage facility as a profit maximization problem under retailer's partial trade credit policy and price dependent demand. Mathematical theorems are developed to determine optimal inventory policy for the retailer and numerical examples are given to illustrate the theory. We also obtain a lot of managerial phenomena. © 2009 Springer-Verlag.
引用
收藏
页码:133 / 161
页数:28
相关论文
共 46 条
[1]  
Aggarwal S.P., Jaggi C.K., Ordering policies of deteriorating items under permissible delay in payments, J Oper Res Soc, 46, pp. 658-662, (1995)
[2]  
Arcelus F.J., Srinivasan G., Delay of payments for extraordinary purchases, J Oper Res Soc, 44, pp. 785-795, (1993)
[3]  
Balkhi Z.T., Benkherouf L., A production lot size inventory model for deteriorating items and arbitrary production and demand rate, Eur J Oper Res, 92, pp. 302-309, (1996)
[4]  
Chand S., Ward J., A note on economic order quantity under conditions of permissible delay in payments, J Oper Res Soc, 38, pp. 83-84, (1987)
[5]  
Chang C.T., Ouyang L.Y., Teng J.T., An EOQ model for deteriorating items under supplier credits linked to ordering quantity, Appl Math Model, 27, pp. 983-996, (2003)
[6]  
Chang H.J., Teng J.T., Ouyang L.Y., Dye C.Y., Retailer's optimal pricing and lot sizing policies for deteriorating items with partial backlogging, Eur J Oper Res, 168, pp. 51-64, (2006)
[7]  
Chu P., Chung K.J., Lan S.P., Economic order quantity of deteriorating items under permissible delay in payments, Comput Oper Res, 25, pp. 817-824, (1998)
[8]  
Chung K.J., A theorem on the determination of economic order quantity under conditions of permissible delay in payments, Comput Oper Res, 25, pp. 49-52, (1998)
[9]  
Chung K.J., The inventory replenishment policy for deteriorating items under permissible delay in payments, Opsearch, 37, pp. 267-281, (2000)
[10]  
Chung K.J., Huang T.S., The optimal retailer's ordering policies for deteriorating items with limited storage capacity under trade credit financing, Int J Prod Econ, 106, pp. 127-145, (2007)