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Trade credit plays an important role in financing for many businesses and industries. For the buyers, purchased inventory can be considered to be financed in whole or in part with permissible delay in payments during the purchasing process. On the other hand, both the vendor and buyer take part...
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This study deals with the order-processing cost reduction and permissible delay in payments problem in the single-vendor single-buyer integrated inventory model. We consider that the order-processing cost can be reduced at an extra crashing cost, which varies with the reduction in the...
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Wee and Chung [Wee, H.M., Chung, C.T., 2007. A note on the economic lot size of the integrated vendor-buyer inventory system derived without derivatives. European Journal of Operational Research 177, 1289-1293] use the complete squares method to locate the optimal solution of the integrated...
Persistent link: https://www.econbiz.de/10004973538
Goyal et al. [Goyal, S.K., Teng, J.T., Chang, C.T., 2007. Optimal ordering policies when the supplier provides a progressive interest scheme. European Journal of Operational Research 179, 404-413] explore optimal ordering policies when the supplier provides a progressive interest scheme. The...
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This note not only indicates incompleteness of both Theorems 2 and 3 in Teng et al. (2012) [1] but also presents correct modifications for them.
Persistent link: https://www.econbiz.de/10011051864
Recently, the enterprises, from a financial perspective, have been seeing that need of the integrating with others with trade credit policies as a promising issue for savings in the supply chain. In this direction, this paper establishes a new economic production quantity (EPQ) inventory model...
Persistent link: https://www.econbiz.de/10011043231
Chung and Huang (2007) designed recently a two-warehouse inventory model for deteriorating items when the supplier offers the retailer a delay period and in turn the retailer provides a delay period to their customers. They assumed that the stocks of RW are transported to OW via a continuous...
Persistent link: https://www.econbiz.de/10011043408