scholarly journals Optimal Ordering Policy for Deteriorating Items with Limited Storage Capacity under Two-Level Trade Credit Linked to Order Quantity by a Discounted Cash-Flow Analysis

2019 ◽  
Vol 07 (02) ◽  
pp. 919-940 ◽  
Author(s):  
Hui-Ling Yang
Keyword(s):  
Cash Flow ◽  
Trade Credit ◽  
Storage Capacity ◽  
Flow Analysis ◽  
Deteriorating Items ◽  
Order Quantity ◽  
Discounted Cash Flow ◽  
Ordering Policy ◽  
Optimal Ordering Policy ◽  
Optimal Ordering

Retailer's Optimal Ordering Policy under Conditions of Allowable Shortage and Two-Level Trade Credit Derived without Derivatives

2013 ◽  
Vol 694-697 ◽  
pp. 3428-3433
Author(s):  
Fei Hu
Keyword(s):  
Differential Calculus ◽  
Trade Credit ◽  
Algebraic Method ◽  
Optimal Order ◽  
Order Quantity ◽  
Numerical Examples ◽  
Ordering Policy ◽  
Optimal Order Quantity ◽  
Optimal Ordering Policy ◽  
Optimal Ordering

An inventory model was developed to determine an ordering policy for the retailer under conditions of allowable shortage and two levels of delay permitted. We present a simple algebraic method to replace the use of differential calculus for determining the retailer's optimal ordering policy. A theorem is presented to obtain the optimal order quantity, and numerical examples are given to illustrate the results obtained in this paper.

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