2015
DOI: 10.5267/j.ijiec.2015.5.003
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Credit financing in economic ordering policies for non-instantaneous deteriorating items with price dependent demand under permissible delay in payments: A new approach

Abstract: In the existing literature of inventory modeling under the conditions of permissible delay in payments, researchers have assumed that the retailers have to settle their accounts at the end of credit period i.e. supplier accept only full amount at the end of the credit period. However in reality, supplier may either accept the partial amount at the end of the credit period and unpaid balance subsequently or the full amount at a fix point of time after the expiry of the credit period, if the retailer finances th… Show more

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Cited by 18 publications
(8 citation statements)
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References 28 publications
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“…Wu et al [54] introduced a maximum life time-related inventory model with a two-level credit policy. Meanwhile, Shah and Cardenas-Barron [43], Jaggi et al [16], and Tayal et al [49] considered both trade-credits and preservation technology in their inventory models. Singh et al [47] formulated a stockdependent demand related inventory model under the credit policy approach.…”
Section: Literature Reviewmentioning
confidence: 99%
“…Wu et al [54] introduced a maximum life time-related inventory model with a two-level credit policy. Meanwhile, Shah and Cardenas-Barron [43], Jaggi et al [16], and Tayal et al [49] considered both trade-credits and preservation technology in their inventory models. Singh et al [47] formulated a stockdependent demand related inventory model under the credit policy approach.…”
Section: Literature Reviewmentioning
confidence: 99%
“…Goyal [10] initially develops an EOQ model with the permissible delay in payment. In this vein, many studies extend Goyal's model to inventory management (e.g., see [6,14]), ordering policies (e.g., see [15,24]), deteriorating items (e.g., see [13,21,25]), partial trade credit (e.g., see [27,[30][31][32]), and two-part trade credit (e.g., see [7]). It is well documented in the literature that joint financing and ordering decisions create greater profit in the supply chain.…”
Section: Introductionmentioning
confidence: 99%
“…Ho (2011) developed a new mathematical formulation under two level of trade credit policy in which demand is sensitive to the credit period offered by the retailer and selling price. Furthermore, many researches were studied on this filed by considering different assumptions for payments (Ghoreishi et al, 2015;Jaggi et al, 2015;Khanna et al, 2017;Sharma, 2016;Taleizadeh et al, 2013).…”
Section: Introductionmentioning
confidence: 99%