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政大典藏 > College of Communication > Master`s Program in Digital Content and Technologies > Periodical Articles > Item 140.119/64466

Please use this identifier to cite or link to this item: https://nccur.lib.nccu.edu.tw/handle/140.119/64466

Title:	Retailer’s optimal ordering policy for deteriorating items with maximum lifetime under supplier’s trade credit financing
Authors:	Chen, Sheng-Chih;Teng, Jinn-Tsair 陳聖智
Contributors:	傳播學院
Date:	2014.01
Issue Date:	2014-03-05 17:53:03 (UTC+8)
Abstract:	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.
Relation:	Applied Mathematical Modelling, 0(0), 0
Source URI:	http://dx.doi.org/10.1016/j.apm.2013.11.056
Data Type:	article
Appears in Collections:	[Master`s Program in Digital Content and Technologies] Periodical Articles

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