Ordering policies for non-instantaneous deteriorating items under hybrid partial prepayment, partial trade credit and partial backordering

Lashgari, Mohsen; Taleizadeh, Ata Allah; Sadjadi, Seyed Jafar

doi:10.1080/01605682.2017.1390524

Cited by 54 publications

(29 citation statements)

References 61 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…The financing capital ultimately comes from internal supply chain enterprises rather than external financial institutions. An optimal ordering strategy in advance and delayed payment is one of the operational decisions studied in internal finance( [28], [29], [30]). Chen studied the supplier and retailer's pricing and ordering decision-making with financial constraints, and supply chain performance, showing that buyback-guaranteed financing can enhance supply chain value, and enable members to achieve multiple wins [31].…”

Section: B Supply Chain Financementioning

confidence: 99%

Pricing and Financing Strategies for a Green Supply Chain With a Risk-Averse Supplier

Kang

Gao

et al. 2021

IEEE Access

View full text Add to dashboard Cite

This study investigated a green supply chain comprising a single supplier with financial constraints and a single retailer, while also considering the supplier's degree of risk aversion. A supplierretailer Stackelberg game model was established under different financing situations, namely, bank financing and retailer's advance payment, and optimal decisions were derived for both the supplier and the retailer. The analysis examined the influence of the degree of the supplier's risk aversion, pricing and financing strategies on optimal decisions. The results show that high supplier risk aversion is not conducive to the supply chain green development. When the supplier has less initial capital, the strategy of advance payment provided by the retailer will be prioritized within the supplier's financial constraints. When the supplier's initial capital is more, he should use the initial capital for production. The study's consideration of the supply chain green level as an endogenous variable, as well as of the supplier's risk aversion, contributes to its novelty.

show abstract

Section: B Supply Chain Financementioning

confidence: 99%

Pricing and Financing Strategies for a Green Supply Chain With a Risk-Averse Supplier

Kang

Gao

et al. 2021

IEEE Access

View full text Add to dashboard Cite

show abstract

“…Ma et al [27] presented an advance booking discount in the presence of spot market. Latter, more works in connection with advance payment have been discussed by Tavakoli and Taleizadeh [40], Lashgari et al [24], Khan et al [17], Shaikh et al [35] etc. and several types of offers such as price discount etc.…”

Section: Introductionmentioning

confidence: 99%

An imperfect production inventory model with advance payment and credit period in a two-echelon supply chain management

Khara

Mondal

Dey³

2021

RAIRO-Oper. Res.

View full text Add to dashboard Cite

This paper presents an integrated imperfect production inventory model under two layer supply chain management. To ensure the orders, manufacturer convinces the retailer to pay a percentage of the purchasing cost prior to replenish the products and offers the facilities such as (i) delay in payment on the remaining part of the purchasing cost and (ii) free transportation on the basis of advance payment amount. Time dependent development cost is incurred to maintain the reliability of the production system and as a result it reduces the imperfectness of the product during production. Under such circumstances, an integrated profit function has been developed to find the optimum number of production cycle, optimum number of replenishment cycle and hence reliability parameter of the manufacturing system, replenishment quantity for the retailer which maximize the integrated profit. Branch and Bound technique is used to obtain the integer solutions. Furthermore, we derived some useful lemmas and algorithms to obtain the optimum solution. Finally, the model has been illustrated with some numerical examples exploring the sensitivity analysis with respect to some parameters and obtains some managerial insights.

show abstract

“…Inventory model for deteriorating products is a widely researched area (Khan et al, 2011a, b;Olsson 2014;Sarkar et al 2015;Ghoreishi et al 2015;Das et al 2015;Tiwari et al 2017;Lashgari et al 2018). The first model (Ghare and Schrader 1963) introduced deterioration of products at a constant deterioration rate into an EOQ model.…”

Section: Introductionmentioning

confidence: 99%

Inventory ordering policies for mixed sale of products under inspection policy, multiple prepayment, partial trade credit, payments linked to order quantity and full backordering

2019

Self Cite

View full text Add to dashboard Cite

The situation where serviceable products are sold together with a proportion of deteriorating products to consumers is rarely discussed in the literature. This article proposes an inventory model with disparate inventory ordering policies under a situation where a portion of serviceable products and a portion of deteriorating products are sold together to consumers (i.e. mixed sales). The ordering policies consider a hybrid payment strategy with multiple prepayment and partial trade credit schemes linked to order quantity under situations where no inventory shortage is allowed and inventory shortage is allowed with full backorder. The hybrid payment policy offered by a supplier is introduced into the classical economic ordering quantity model to investigate the optimal inventory cycle and the fraction of demand that is filled from the deteriorating products under inspection policy. Further, a new solution method is proposed that identifies optimal annual total profit with mixed sales assuming no inventory shortage and inventory shortage with full backorder. The impact of an inspection policy is investigated on the optimality of the solution under hybrid payment strategies for the deteriorating products. The validation of the proposed model and its solution method is demonstrated through several numerical examples. The results indicate that the inventory model along with the solution method provide a powerful tool to the retail managers under real-world situations. Results demonstrate that it is essential for the managers to consider inclusion of an inspection policy in the mixed sales of products, as the inspection policy significantly increases the net annual profit.

show abstract

Ordering policies for non-instantaneous deteriorating items under hybrid partial prepayment, partial trade credit and partial backordering

Cited by 54 publications

References 61 publications

Pricing and Financing Strategies for a Green Supply Chain With a Risk-Averse Supplier

Pricing and Financing Strategies for a Green Supply Chain With a Risk-Averse Supplier

An imperfect production inventory model with advance payment and credit period in a two-echelon supply chain management

Inventory ordering policies for mixed sale of products under inspection policy, multiple prepayment, partial trade credit, payments linked to order quantity and full backordering

Contact Info

Product

Resources

About