Optimal Replenishment Policy in the EPQ Model Under Two-Part Trade Credit

被引:0
作者
Zhai, Keren [1 ]
Tao, Siyu [2 ]
Cao, Bin [1 ]
Zeng, Xiaoyan [3 ]
机构
[1] South China Univ Technol, Sch Business Adm, Guangzhou, Guangdong, Peoples R China
[2] Capital Univ Econ & Business, Sch Econ, Beijing, Peoples R China
[3] South China Univ Technol, Guangzhou Coll, Sch Econ, Guangzhou, Guangdong, Peoples R China
来源
2015 12TH INTERNATIONAL CONFERENCE ON SERVICE SYSTEMS AND SERVICE MANAGEMENT (ICSSSM) | 2015年
关键词
Inventory policy; EPQ; Two-part trade credit financing; PERMISSIBLE DELAY; INVENTORY MODEL; PAYMENTS;
D O I
暂无
中图分类号
TP [自动化技术、计算机技术];
学科分类号
0812 ;
摘要
In this paper, we extend Zhou et al. (2013), which discussed inventory models with the two-part trade credit contract under the EOQ model, to a more realistic case that the inventory model is under the EPQ model in which the manufacturer replenishes its inventory with finite rate, just like the real-life condition. We model the manufacturer's inventory system as a cost minimization problem to determine the manufacturer's optimal replenishment cycle time, under cash discount and two-part trade credit within the EPQ framework. Furthermore, we characterize the optimal replenishment policy for the manufacturer.
引用
收藏
页数:6
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