Green Inventory Supply Chain Model with Inflation under Permissible Delay in Finite Planning Horizon

Abstract

Trade credit is an important cost reduction tool in the inventory management. The effect of trade credit is studied on the integrated system for sharing the cost benefits realized due to the permissible delay. Credit term factor is introduced to divide the cost benefits between the retailer and the supplier. The various costs in the inventory model are subjected to the same inflation rate. This research paper revisits EOQ model for remanufacturing process under green supply chain with the permissible delay available to the retailer. Numerical examples prove that the optimal reordering schedule exists and is unique. Also sensitivity analysis is performed on certain parameters to ascertain their logical implications.