scholarly journals A production inventory model with partial trade credit policy and reliability

2021 ◽  
Vol 60 (1) ◽  
pp. 1325-1338
Author(s):  
Subhajit Das ◽  
Md. Al-Amin Khan ◽  
Emad E. Mahmoud ◽  
Abdel-Haleem Abdel-Aty ◽  
Kholod M. Abualnaja ◽  
...  
Keyword(s):  
Trade Credit ◽  
Inventory Model ◽  
Credit Policy ◽  
Partial Trade Credit ◽  
Production Inventory

scholarly journals An economic production quantity (epq) model for a deteriorating item with partial trade credit policy for price dependent demand under inflation and reliability

2020 ◽  
pp. 36-36
Author(s):  
Shaikh Akbar ◽  
Leopoldo Cárdenas-Barrón ◽  
Manna Kumar ◽  
Armando Céapedes-Mota
Keyword(s):  
Trade Credit ◽  
Research Work ◽  
Selling Price ◽  
Credit Policy ◽  
Reliability Factor ◽  
Economic Production Quantity ◽  
Partial Trade Credit ◽  
Economic Production ◽  
Production Inventory ◽  
Production Quantity

It is well-known that the production-inventory problem for deteriorating items in the supply chain is a challenge when deciding on how many products to manufacture to obtain a maximum total profit. This research work develops an economic production quantity model for a deteriorating item under partial trade credit policy considering inflation, the effect of reliability factor of a production system, and the demand depending on the price of a product whose selling price is optimized. The production- inventory model is formulated as a nonlinearly constrained optimization problem by analyzing different cases. Finally, through a numerical example, a sensitivity analysis is performed so to study the effect of different parameters, changing one parameter at a time and keeping others fixed at their original values.

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