Optimal retailer's ordering policies in the EOQ model under trade credit financing

2003 ◽  
Vol 54 (9) ◽  
pp. 1011-1015 ◽  
Author(s):  
Y-F Huang
Keyword(s):  
Trade Credit ◽  
Eoq Model ◽  
Ordering Policies ◽  
Credit Financing

Fuzzy-Based EOQ Model With Credit Financing and Backorders Under Human Learning

2021 ◽  
Vol 10 (4) ◽  
pp. 14-36
Author(s):  
Mahesh Kumar Jayaswal ◽  
Mandeep Mittal ◽  
Isha Sangal ◽  
Jayanti Tripathi
Keyword(s):  
Trade Credit ◽  
Planning Horizon ◽  
Human Learning ◽  
Lead Times ◽  
Credit Period ◽  
Eoq Model ◽  
Triangular Numbers ◽  
Credit Financing ◽  
Fuzzy Cost ◽  
The Impact

In this paper, an inventory model has been developed with trade credit financing and back orders under human learning. In this model, it is considered that the seller provides a credit period to his buyer to settle the account and the buyer accepts the credit period policy with certain terms and conditions. The impact of learning and credit financing on the size of the lot and the corresponding cost has been presented. For the development of the model, demand and lead times have been taken as the fuzzy triangular numbers are fuzzified, and then learning has been done in the fuzzy numbers. First of all, the consideration of constant fuzziness is relaxed, and then the concept of learning in fuzzy under credit financing is joined with the representation, assuming that the degree of fuzziness reduces over the planning horizon. Finally, the expected total fuzzy cost function is minimized with respect to order quantity and number of shipments under credit financing and learning effect. Lastly, sensitive analysis has been presented as a consequence of some numerical examples.

scholarly journals Ordering policies of a deteriorating item in an EOQ model with backorder under two-level partial trade credit

2015 ◽  
Author(s):  
Zohreh Molamohamadi ◽  
Rahman Arshizadeh ◽  
Napsiah Ismail
Keyword(s):  
Trade Credit ◽  
Eoq Model ◽  
Partial Trade Credit ◽  
Ordering Policies

scholarly journals Two-Level Credit Financing for Noninstantaneous Deterioration Items in a Supply Chain with Downstream Credit-Linked Demand

2013 ◽  
Vol 2013 ◽  
pp. 1-22 ◽  
Author(s):  
Yong He ◽  
Hongfu Huang
Keyword(s):  
Supply Chain ◽  
Trade Credit ◽  
Financing Policy ◽  
Sensitive Analysis ◽  
Eoq Model ◽  
Replenishment Cycle ◽  
Credit Financing ◽  
Delay In Payments ◽  
Optimal Ordering ◽  
Total Average

Trade credit financing is a useful tool in business today, which can be characterized as the agreement between supply chain members such as permissible delay in payments. In this study, we assume that the items have the property of noninstantaneous deterioration and the demand is a function of downstream credit. Then, an EOQ model for noninstantaneous deterioration is built based on the two-level financing policy. The purpose of this paper is to maximize the total average profit by determine the optimal downstream credit period, the optimal replenishment cycle length, and the optimal ordering quantity per cycle. Useful theorems are proposed to characterize the method of obtaining the optimal solutions. Based on the theorems, an algorithm is designed, and numerical tests and sensitive analysis are provided. Lastly, according to the sensitive analysis, managerial insights are proposed.

Ordering policies under supplier-retailer partial trade credit financing

OPSEARCH ◽  
2010 ◽  
Vol 47 (4) ◽  
pp. 293-310 ◽  
Author(s):  
Chandra K. Jaggi ◽  
Mona Verma
Keyword(s):  
Trade Credit ◽  
Partial Trade Credit ◽  
Ordering Policies ◽  
Credit Financing

An EOQ model for deteriorating items under trade credit financing in the fuzzy sense

2007 ◽  
Vol 18 (8) ◽  
pp. 681-692 ◽  
Author(s):  
G. C. Mahata ◽  
A. Goswami
Keyword(s):  
Trade Credit ◽  
Deteriorating Items ◽  
Eoq Model ◽  
Credit Financing
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