scholarly journals Advance and delay in payments with the price-discount inventory model for deteriorating items under capacity constraint and partially backlogged shortages

2021 ◽  
Author(s):  
Avijit Duary ◽  
Subhajit Das ◽  
Md. Golam Arif ◽  
Khadijah M. Abualnaja ◽  
Md. Al-Amin Khan ◽  
...  
Keyword(s):  
Inventory Model ◽  
Capacity Constraint ◽  
Deteriorating Items ◽  
Price Discount ◽  
Delay In Payments

Retailer Ordering Policy for Deteriorating Items with Initial Inspection and Allowable Shortage Under the Condition of Permissible Delay in Payments

2012 ◽  
Vol 1 (1) ◽  
pp. 64-79 ◽  
Author(s):  
Chandra K. Jaggi ◽  
Mandeep Mittal
Keyword(s):  
Inventory Model ◽  
Inventory System ◽  
Deteriorating Items ◽  
Permissible Delay In Payments ◽  
Numerical Example ◽  
Ordering Policy ◽  
Delay In Payments ◽  
The Impact ◽  
Single Commodity

While developing the inventory model with shortages under permissible delay in payments, it has been observed in the literature, the researchers have not considered the fact that the retailer can earn interest on the revenue generated after fulfilling the outstanding demand as soon as he receives the new consignment at the start of the cycle. Owing to this fact, the present paper investigates the impact of interest earned from revenue generated after fulfilling the stock out at the start of the cycle on a single commodity inventory model with shortages for deteriorating item, in which the whole lot goes through an inspection on arrival before entering into inventory system, under the conditions of permissible delay in payments. The results have been demonstrated with the help of a numerical example using the tools of Matlab7.0.1.

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