Joint pricing and inventory management for growing items in a supply chain under trade credit

Mahato, Chandan; De, Sujit Kumar; Mahata, Gour Chandra

doi:10.1007/s00500-021-05635-2

Cited by 18 publications

(8 citation statements)

References 55 publications

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“…(2021). (3) cp and cb are negatively related to APRv*, which is the same as the findings of Mahato et al. (2021).…”

Section: Discussion Conclusion and Future Researchsupporting

confidence: 84%

“…(2018). cp and Ie have a positive relationship with APRr* and or and F has a negative relationship with APRr*, which is analogous to the findings of Mahato et al. (2021).…”

Section: Discussion Conclusion and Future Researchsupporting

confidence: 73%

“…(1) c vh , c p and c b have a negative relationship with TAPR * , which is suggested by Mandal et al (2021). c p and F are negatively related to TAPR * and I e is positively related to TAPR * , which is presented by Mahato et al (2021). o r and c rh have a negative impact on TAPR * , which is similar to the findings of Zhong and Zhou (2012).…”

Section: Discussion Conclusion and Future Researchsupporting

confidence: 69%

“…(2021). cp and F are negatively related to TAPR* and Ie is positively related to TAPR*, which is presented by Mahato et al. (2021).…”

Section: Discussion Conclusion and Future Researchmentioning

confidence: 95%

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A production and inventory model for deteriorating items with two-level partial trade credit and stochastic demand in a supply chain

Dai

Wang

2022

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PurposeThe purpose of this paper is to maximize the average profit of the supply chain by calculating the order quantity, the number of shipments during the production time of the vendor, the number of shipments during the supply cycle of the vendor and the time when the retailer’s inventory level reaches to zero.Design/methodology/approachA production and inventory model for degrading commodities with stochastic demand and two-level partial trade credit in a supply chain is presented. The model’s applicability and the processes' feasibility for solving are verified by GAMS software with BARON.FindingsThe impact of the model’s parameters on the vendor and retailer’s average profit was found through sensitivity analysis. The effect of the model’s parameters on the supply chain’s average profit was also found. Moreover, the reasons for this effect were given.Practical implicationsFirst, decision-makers may use this model to increase the supply chain's average profit. Second, the proposed model takes a general form. Third, the policymakers can also adjust the model’s parameters according to their preferences to get the desired results.Originality/valueFirst, this paper develops an inventory and production model for perishable goods. Second, it is believed that the demand is random because the demand is affected by many factors, which make the study more realistic. Third, this paper studies production and inventory problems from the supply chain perspective. Finally, the interest for partial trade credit is calculated. The interest caused by stochastic shortages is also considered and calculated.

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“…(2021). (3) cp and cb are negatively related to APRv*, which is the same as the findings of Mahato et al. (2021).…”

Section: Discussion Conclusion and Future Researchsupporting

confidence: 84%

“…(2018). cp and Ie have a positive relationship with APRr* and or and F has a negative relationship with APRr*, which is analogous to the findings of Mahato et al. (2021).…”

Section: Discussion Conclusion and Future Researchsupporting

confidence: 73%

Section: Discussion Conclusion and Future Researchsupporting

confidence: 69%

“…(2021). cp and F are negatively related to TAPR* and Ie is positively related to TAPR*, which is presented by Mahato et al. (2021).…”

Section: Discussion Conclusion and Future Researchmentioning

confidence: 95%

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A production and inventory model for deteriorating items with two-level partial trade credit and stochastic demand in a supply chain

Dai

Wang

2022

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“…As regards bank loan financing, indicate the initial fund and interest rate can affect remanufacturing strategies, and the retailer benefits from the increase in bank loan interest rate. The credit financing strategy is regarded as a way to redistribute channel profits (Zhang et al, 2021, Mahato et al, 2021. Yang et al (2019) investigated the situation where the manufacturer provides trade credit to the retailers.…”

Section: Financing Strategies Of Supply Chain Under Capital Constraintsmentioning

confidence: 99%

Strategies for capital and carbon emission constrained manufacturer in a retailer-led supply chain: Credit financing vs. bank loan

2023

Preprint

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To promote sustainable development, manufacturers must effectively reduce their carbon emissions. However, doing so often incurs higher costs for carbon emission reduction (CER), which can worsen the capital-constrained problems faced by manufacturers operating within a retailer-led supply chain. To address this challenge and optimize CER efficiency within limited funds, we propose a two-echelon supply chain model led by a retailer. We then analyze six different scenarios, including no financing, bank loan financing and retailer credit financing, both with and without CER investment, to identify optimal strategies for each situation. The results show that: (1) Increasing interest rates on bank loans and retailer credit will have a negative impact on the CER efficiency and retailer's profits. (2) If the initial funds are below a certain threshold, a higher interest rate on bank loans will reduce the manufacturer's profits. However, as the initial funds increase, a higher interest rate can improve the manufacturer's profits with the retailer's credit financing strategy. (3) The manufacturer's optimal financing strategy depends on both the interest rates and initial funds, while the retailer's credit decision is solely based on the manufacturer's initial funds. (4) The retailer credit financing strategy can lead to a mutually beneficial outcome by adjusting the interest rate of the retailer credit, thereby improving the CER efficiency and relieving financial pressure. However, the bank loan financing strategy does not have this advantage.

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Research on Optimal Distribution Route of Auto Parts Circulation System

Meng

Cao

Wang

et al. 2022

Lecture Notes in Electrical Engineering

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Joint pricing and inventory management for growing items in a supply chain under trade credit

Cited by 18 publications

References 55 publications

A production and inventory model for deteriorating items with two-level partial trade credit and stochastic demand in a supply chain

A production and inventory model for deteriorating items with two-level partial trade credit and stochastic demand in a supply chain

Strategies for capital and carbon emission constrained manufacturer in a retailer-led supply chain: Credit financing vs. bank loan

Research on Optimal Distribution Route of Auto Parts Circulation System

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