An inventory model for deteriorating items under the condition of permissible delay in payments
2002 ◽
Vol 12
(1)
◽
pp. 73-84
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Keyword(s):
In economic order quantity (EOQ) models, it is often assumed that the payment of an order is made on the receipt of items by the inventory system. However, such an assumption is not quite practical in the real world. Under most market behaviors, it can be easily found that a vendor provides a credit period for buyers to stimulate demand. In this paper, a varying rate of determination and the condition of permissible delay in payments used in conjunction with the economic order quantity model are the focus of discussion. Numerical examples are presented to illustrate the proposed models.
2008 ◽
Vol 25
(02)
◽
pp. 267-277
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2021 ◽
Vol 14
(1)
◽
pp. 93
◽
2007 ◽
Vol 18
(4)
◽
pp. 361-363
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2017 ◽
Vol 28
(2)
◽
pp. 243
◽
2004 ◽
Vol 25
(1)
◽
pp. 53-61
2017 ◽
Vol 13
(2)
◽
pp. 203
1985 ◽
Vol 36
(11)
◽
pp. 1069-1070
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2009 ◽
Vol 194
(2)
◽
pp. 418-431
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Multi-item, economic order quantity model with permissible delay in payments and a budget constraint
2008 ◽
Vol 2
(4)
◽
pp. 446
◽