Next Article in Journal
Time Dependence of Shell Model Calculations
Previous Article in Journal
Simple and U-type Assembly Line Balancing by Using an Ant Colony Based Algorithm
Article Menu

Article Versions

Export Article

Open AccessArticle
Math. Comput. Appl. 2007, 12(2), 77-86; doi:10.3390/mca12020077

Optimal Retailer’s Inventory Policy Under Supplier Credits Linked to Retailer Payment Time

1
Department of Business Administration, Chaoyang University of Technology, Taichung, Taiwan, R.O.C.
2
Department of Finance, Chaoyang University of Technology, Taichung, Taiwan, R.O.C.
*
Authors to whom correspondence should be addressed.
Published: 1 August 2007
Download PDF [165 KB, uploaded 30 March 2016]

Abstract

This paper wants to investigate the retailer’s optimal cycle time and optimal payment time under supplier credits including conditionally permissible delay in payments and cash discount depending on retailer payment time. That is, the retailer can obtain fully permissible delay in payments and cash discount if the payment is paid before the period of full delay payments permitted by the supplier. Otherwise, the retailer will just obtain partially permissible delay in payments within the period of partial delay payments permitted by the supplier. The supplier uses this policy to attract retailer to pay the payment as soon as possible to shorten the collection period. One theorem is developed to efficiently determine the optimal replenishment and payment policy for the retailer.
Keywords: Inventory; Optimization; Permissible delay in payment; Cash discount Inventory; Optimization; Permissible delay in payment; Cash discount
This is an open access article distributed under the Creative Commons Attribution License (CC BY 3.0).

Scifeed alert for new publications

Never miss any articles matching your research from any publisher
  • Get alerts for new papers matching your research
  • Find out the new papers from selected authors
  • Updated daily for 49'000+ journals and 6000+ publishers
  • Define your Scifeed now

SciFeed Share & Cite This Article

MDPI and ACS Style

Huang, Y.-F.; Hsu, K.-H. Optimal Retailer’s Inventory Policy Under Supplier Credits Linked to Retailer Payment Time. Math. Comput. Appl. 2007, 12, 77-86.

Show more citation formats Show less citations formats

Article Metrics

Article Access Statistics

1

Comments

[Return to top]
Math. Comput. Appl. EISSN 2297-8747 Published by MDPI AG, Basel, Switzerland RSS E-Mail Table of Contents Alert
Back to Top