Economic Ordering Policies for Growing Items (Poultry) with Trade-Credit Financing

Mittal, Mandeep; Sharma, Mehak

doi:10.1007/s40819-021-00973-z

Cited by 19 publications

(15 citation statements)

References 25 publications

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“…By applying the same solution procedure followed in Mittal and Sharma (2021)'s work, we have found the optimal values of the profit function and the concavity of the profit function also satisfied. Due to the complexity in finding the derivatives with respect to all the decision variables and it seems hard to derive it analytically, we have adapted the solution methodology followed in Giri et al (2018)'s work, which maximize the profit values of the Integrated Supply Chain.…”

Section: Solution Methodologymentioning

confidence: 80%

A sustainable inventory model for growing items considering carbon emissions, product expiry, and profit-sharing policy

Chandramohan¹,

Uthayakumar²

2023

10.5267/j.jfs

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In this article, a multi-echelon supply chain for growing and deteriorating items, where the grower has a lot of live newborn items (growing) is discussed. The grower transfers the matured inventory to the processor in each shipment. The processor begins to process the stock as a ready-sale product in the market. The processor also delivers the processed inventory to the retailer in each shipment in the non-processing period of his cycle length. Then the processor offers trade credit to the retailer and makes the retailer agree to share a portion of his profit with him. The product’s life cycle when in the hand of the retailer is certain and it expires after some time t. Carbon emission during processing is considered while packing and preserving the livestock for sale. Depending on these assumptions, there are six possibilities to discuss profit values. Sensitivity analysis was also brought to verify the optimal determined values. The profit-sharing sharing method’s outcome benefits the processor and the retailer more.

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Section: Solution Methodologymentioning

confidence: 80%

A sustainable inventory model for growing items considering carbon emissions, product expiry, and profit-sharing policy

Chandramohan¹,

Uthayakumar²

2023

10.5267/j.jfs

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“…More flexible trade credit terms based on different trade credit periods and different quantities thresholds could solve these shortcomings. Later than 2020, and thus excluded from the literature sample, two additional extensions were presented by Jayaswal et al (2021) and Mittal and Sharma (2021) which considered learning effects, and growing items (i.e., items that increase in quantity over time), respectively.…”

Section: Content Analysismentioning

confidence: 99%

Supply chain finance for ameliorating and deteriorating products: a systematic literature review

2022

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Ameliorating and deteriorating products, or, more generally, items that change value over time, present a high sensitiveness to the surrounding environment (e.g., temperature, humidity, and light intensity). For this reason, they should be properly stored along the supply chain to guarantee the desired quality to the consumers. Specifically, ameliorating items face an increase in value if there are stored for longer periods, which can lead to higher selling price. At the same time, the costumers’ demand is sensitive to the price (i.e., the higher the selling price the lower the final demand), sensitiveness that is related to the quality of the products (i.e., lower sensitiveness for high-quality products). On the contrary, deteriorating items lose quality and value over time which result in revenue losses due to lost sales or reduced selling price. Since these products need to be properly stored (i.e., usually in temperature- and humidity-controlled warehouses) the holding costs, which comprise also the energy costs, may be particularly relevant impacting on the economic, environmental, and social sustainability of the supply chain. Furthermore, due to the recent economic crisis, companies (especially, small and medium enterprises) face payment difficulties of customers and high volatility of resources prices. This increases the risk of insolvency and on the other hand the financing needs. In this context, supply chain finance emerged as a mean for efficiency by coordinating the financial flow and providing a set of financial schemes aiming at optimizing accounts payable and receivable along the supply chain. The aim of the present study is thus to investigate through a systematic literature review the two main themes presented (i.e., inventory management models for products that change value over time, and financial techniques and strategies to support companies in inventory management) to understand if any financial technique has been studied for supporting the management of this class of products and to verify the existing literature gap.

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“…Here, the demand rate was price-sensitive under carbon emissions. After that, several researchers (Gharaei and Almehdawe [39], Mittal and Sharma [40], and Alfares and Afzal [35]) discussed inventory models of growing items in a crisp environment. None of them considered fuzziness in their models.…”

Section: Motivation and Specific Studymentioning

confidence: 99%

A Study of an EOQ Model of Growing Items with Parabolic Dense Fuzzy Lock Demand Rate

Maity

Pal

et al. 2021

ASI

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In this article, the parabolic dense fuzzy set is defined, and its basic arithmetic operations are studied with graphical illustration. The lock set concept is incorporated in a parabolic dense fuzzy set. Then, it is applied to the problems of fishery culture via the modeling of an economic order quantity model. Here, the fingerlings are fed to reach the ideal size to fulfill the customer’s demand. The growth rate of the fingerlings is assumed as a linear function. After the sales of all fish, the pond is cleaned properly for a new cycle. Here, the model is solved in a crisp sense first. Then, we fuzzify the model considering the demand rate as a parabolic dense lock fuzzy number and obtain the result in a fuzzy environment. The main aim of our study was to find the quantity of the ordering items such that the total inventory cost gets a minimum value. Lastly, sensitivity analysis and graphical illustrations were added for better justification of our model.

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Economic Ordering Policies for Growing Items (Poultry) with Trade-Credit Financing

Cited by 19 publications

References 25 publications

A sustainable inventory model for growing items considering carbon emissions, product expiry, and profit-sharing policy

A sustainable inventory model for growing items considering carbon emissions, product expiry, and profit-sharing policy

Supply chain finance for ameliorating and deteriorating products: a systematic literature review

A Study of an EOQ Model of Growing Items with Parabolic Dense Fuzzy Lock Demand Rate

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