An inventory model with time dependent demand and shortages under trade credit policy

被引：51
作者：
Khanra, S. [1 ]
Mandal, Buddhadev [2 ]
Sarkar, Biswajit [2 ]
机构：
[1] Dept Math, Tamralipta Mahavidyalaya, Tamluk 721636, Purba Medinipur, India
[2] Vidyasagar Univ, Dept Appl Math Oceanol & Comp Programming, Midnapore 721102, W Bengal, India
来源：
ECONOMIC MODELLING | 2013年 / 35卷
关键词：
Inventory; Time dependent demand; Shortages; Permissible delay in payments; ECONOMIC ORDER QUANTITY; EOQ MODEL; LINEAR TREND; PERMISSIBLE DELAY; QUADRATIC DEMAND; DETERIORATING ITEM; INCREASING DEMAND; PAYMENTS; RULE;
D O I：
10.1016/j.econmod.2013.07.031
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
This model investigates an economic order quantity (EOQ) model over a finite time horizon for an item with a quadratic time dependent demand by considering shortages in inventory under permissible delay in payments. Shortages are assumed after variable time T-1(<T cycle period). The credit period (m) is known and fixed. The model is derived under three different circumstances depending on the time of occurrence of shortages, credit period, and cycle time. The results are illustrated with the help of numerical examples. The sensitivity analysis of key parameters of the optimal solution is studied with respect to changes in different parametric values. Some special features of the model are discussed. (C) 2013 Elsevier B.V. All rights reserved.
引用
收藏
页码：349 / 355
页数：7
相关论文
共 50 条
  • [21] OPTIMAL REPLENISHMENT AND CREDIT POLICY IN AN INVENTORY MODEL FOR DETERIORATING ITEMS UNDER TWO-LEVELS OF TRADE CREDIT POLICY WHEN DEMAND DEPENDS ON BOTH TIME AND CREDIT PERIOD INVOLVING DEFAULT RISK
    Mukherjee, Avik
    Mahata, Gour Chandra
    RAIRO-OPERATIONS RESEARCH, 2018, 52 (4-5) : 1175 - 1200
  • [22] The optimal integrated inventory policy with price-and-credit-linked demand under two-level trade credit
    Ho, Chia-Huei
    COMPUTERS & INDUSTRIAL ENGINEERING, 2011, 60 (01) : 117 - 126
  • [23] Non-instantaneous controlled deteriorating inventory model for stock-price-advertisement dependent probabilistic demand under trade credit financing
    Shah, Nita H.
    Keswani, Mamta
    Khedlekar, Uttam Kumar
    Prajapati, Naisargi M.
    OPSEARCH, 2024, 61 (01) : 421 - 459
  • [24] A two-warehouse inventory model under trade credit in the supply chain management
    Chung, Kun-Jen
    Chen, Yung-Chiuan
    Lin, Shy-Der
    AFRICAN JOURNAL OF BUSINESS MANAGEMENT, 2011, 5 (07): : 2625 - 2643
  • [25] A Comparative Study Between Inventory Followed by Shortages and Shortages Followed by Inventory Under Trade-Credit Policy
    Khanra S.
    Mandal B.
    Sarkar B.
    International Journal of Applied and Computational Mathematics, 2015, 1 (3) : 399 - 426
  • [26] Optimal Investment in Preservation Technology for Variable Demand under Trade-Credit and Shortages
    Jani, Mrudul Y.
    Betheja, Manish R.
    Chaudhari, Urmila
    Sarkar, Biswajit
    MATHEMATICS, 2021, 9 (11)
  • [27] An Inventory Model for Perishable Products with Stock-Dependent Demand and Trade Credit under Inflation
    Yang, Shuai
    Lee, Chulung
    Zhang, Anming
    MATHEMATICAL PROBLEMS IN ENGINEERING, 2013, 2013
  • [28] On the optimal inventory policy for the EPQ model under trade credit
    Huang, Yung-Fu
    Chen, Wen-Kuo
    Chen, Hsin-Fan
    Hou, Kuo-Lung
    JOURNAL OF INFORMATION & OPTIMIZATION SCIENCES, 2013, 34 (02) : 187 - 199
  • [29] An Inventory Model with Price and Credit Installments-Dependent Demand
    Hasan, Md Rakibul
    Siddiqa, Mst Ayesha
    Roy, Tutul Chandra
    Amin, Md Al
    Daryanto, Yosef
    MANAGEMENT SYSTEMS IN PRODUCTION ENGINEERING, 2023, 31 (02) : 111 - 127
  • [30] An integrated inventory model for deteriorating items with price-dependent demand under two-level trade credit policy
    Rameswari, M.
    Uthayakumar, R.
    INTERNATIONAL JOURNAL OF SYSTEMS SCIENCE-OPERATIONS & LOGISTICS, 2018, 5 (03) : 253 - 267
12345