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題名 Retailer’s optimal ordering policy for deteriorating items with maximum lifetime under supplier’s trade credit financing
作者 Chen, Sheng-Chih ; Teng, Jinn-Tsair
陳聖智
貢獻者 傳播學院
日期 2014.01
上傳時間 5-Mar-2014 17:53:03 (UTC+8)
摘要 Many products such as fruits, vegetables, pharmaceuticals, volatile liquids, and others not only deteriorate continuously due to evaporation, obsolescence, spoilage, etc. but also have their expiration dates (i.e., a deteriorating item has its maximum lifetime). Although numerous researchers have studied economic order quantity (EOQ) models for deteriorating items, few of them have taken the maximum lifetime of a deteriorating item into consideration. In addition, a supplier frequently offers her/his retailers a permissible delay in payments in order to stimulate sales and reduce inventory. There is no interest charge to a retailer if the purchasing amount is paid to a supplier within the credit period, and vice versa. In this paper, we propose an EOQ model for a retailer when: (1) her/his product deteriorates continuously, and has a maximum lifetime, and (2) her/his supplier offers a permissible delay in payments. We then characterize the retailer’s optimal replenishment cycle time. Furthermore, we discuss a special case for non-deteriorating items. Finally, we run several numerical examples to illustrate the problem and provide some managerial insights.
關聯 Applied Mathematical Modelling, 0(0), 0
資料來源 http://dx.doi.org/10.1016/j.apm.2013.11.056
資料類型 article
dc.contributor 傳播學院en_US
dc.creator (作者) Chen, Sheng-Chih ; Teng, Jinn-Tsairen_US
dc.creator (作者) 陳聖智zh_TW
dc.date (日期) 2014.01en_US
dc.date.accessioned 5-Mar-2014 17:53:03 (UTC+8)-
dc.date.available 5-Mar-2014 17:53:03 (UTC+8)-
dc.date.issued (上傳時間) 5-Mar-2014 17:53:03 (UTC+8)-
dc.identifier.uri (URI) http://nccur.lib.nccu.edu.tw/handle/140.119/64466-
dc.description.abstract (摘要) Many products such as fruits, vegetables, pharmaceuticals, volatile liquids, and others not only deteriorate continuously due to evaporation, obsolescence, spoilage, etc. but also have their expiration dates (i.e., a deteriorating item has its maximum lifetime). Although numerous researchers have studied economic order quantity (EOQ) models for deteriorating items, few of them have taken the maximum lifetime of a deteriorating item into consideration. In addition, a supplier frequently offers her/his retailers a permissible delay in payments in order to stimulate sales and reduce inventory. There is no interest charge to a retailer if the purchasing amount is paid to a supplier within the credit period, and vice versa. In this paper, we propose an EOQ model for a retailer when: (1) her/his product deteriorates continuously, and has a maximum lifetime, and (2) her/his supplier offers a permissible delay in payments. We then characterize the retailer’s optimal replenishment cycle time. Furthermore, we discuss a special case for non-deteriorating items. Finally, we run several numerical examples to illustrate the problem and provide some managerial insights.en_US
dc.format.extent 107 bytes-
dc.format.mimetype text/html-
dc.language.iso en_US-
dc.relation (關聯) Applied Mathematical Modelling, 0(0), 0en_US
dc.source.uri (資料來源) http://dx.doi.org/10.1016/j.apm.2013.11.056en_US
dc.title (題名) Retailer’s optimal ordering policy for deteriorating items with maximum lifetime under supplier’s trade credit financingen_US
dc.type (資料類型) articleen