Optimal inventory policy under different supplier credit policies

Khouja, Moutaz; Mehrez, Abraham

doi:10.1016/0278-6125(96)84196-3

Cited by 114 publications

(57 citation statements)

References 8 publications

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“…Khouja and Mehrez (1996) investigated four different supplier credit policies which included both of these situations and provided closed-form solutions in all cases. Chang(2002) provided a model to determine an optimal ordering policy under a permissible delay of payment and/or cash discount for the customer.…”

Section: C T I D C T I D C T I Kmentioning

confidence: 99%

A century of evolution from Harris׳s basic lot size model: Survey and research agenda

Andriolo

Battini

Grubbström

et al. 2014

International Journal of Production Economics

172

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Determining the economic lot size has always represented one of the most important issues in production planning. This problem has long attracted the attention of researchers, and several models have been developed to meet requirements at minimum cost. In this paper we explore and discuss the evolution of these models during one hundred years of history, starting from the basic model developed by Harris in 1913, up to today. Following Harris's work, a number of researchers have devised extensions that incorporate additional considerations. The evolution of EOQ theory strongly reflects the development of industrial systems over the past century. Here we outline all the research areas faced in the past by conducting a holistic analysis of 219 selected journal papers and trying to give a comprehensive view of past work on the EOQ problem. Finally, a new research agenda is proposed and discussed.

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Section: C T I D C T I D C T I Kmentioning

confidence: 99%

A century of evolution from Harris׳s basic lot size model: Survey and research agenda

Andriolo

Battini

Grubbström

et al. 2014

International Journal of Production Economics

172

View full text Add to dashboard Cite

show abstract

“…Chang (2004) proposed an inventory model under a situation in which the supplier provides the purchaser a permissible delay of payments if the purchaser orders a large quantity. There are several interesting papers related to permissible delay in payments such as Liao et al (2000), Khouja and Mehrez (1996), Huang and Hsu (2008), Ouyang et al (2006), Huang (2003), Chang and Teng (2004), Ouyang and Chang (2013), Chang et al (2010), Li et al (2014), Lou and Wang (2013) and Teng et al (2013). All the above researchers established their EOQ or EPQ models under trade credit financing by assuming that the demand rate is either constant or variable.…”

Section: Introduction and Literature Reviewmentioning

confidence: 99%

Optimal lot sizing policy with power demand and composed shortages under trade credits

Shukla

Tripathi

Sang

et al. 2017

IJKMTH

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This paper deals with an optimal ordering policy for non-deteriorating item with power demand under trade credits. The shortages are allowed and combination of backlogged and lost sales. Mathematical model is developed under two different situations, i.e., case 1: the permissible delay period is less than time to finish positive inventory and case 2 trade credit period is greater than or equal to time to finish positive inventory. Numerical examples are provided to illustrate the algorithm and theoretical results. The sensitivity analysis is provided on the optimal solution. The second order approximations are used for exponential terms to find the complexity on the optimal solution.

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“…In other word the retailer requires payment for a small order quantity. For this point Khouja and Mehrez (1996) In this study we have considered the order linked trade credit concept in three echelon supply chain inventory model where manufacturer also provides a delay period to his distributor and distributor offer order linked delay period to his retailers to promote his sell. The main purpose of this study to discuss this order linked trade credit policy with time dependent demand rate and production rate in three echelon supply chain inventory model.…”

Section: Introductionmentioning

confidence: 99%

Order Size Dependent Trade Credit Study in a Three Echelon Supply Chain Model

Singh¹,

Vaish²,

Singh³

2014

IJCATR

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Abstract:In present study, we generalize order linked trade credit policy in three echelon supply chain system where manufacturer, distributor and retailer are involved and manufacturer provide a delay period to distributor and distributor also provide a order linked trade credit policy to his retailers. Whole study is discussed in time dependent production and demand rate. We model a three echelon supply chain system as cost minimization to determine the system's optimal cycle time. In this paper, we determine the optimal cycle time, optimal order quantity and optimal payment time. Finally numerical examples are given to illustrate the result and the managerial insights are also obtained.

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Optimal inventory policy under different supplier credit policies

Cited by 114 publications

References 8 publications

A century of evolution from Harris׳s basic lot size model: Survey and research agenda

A century of evolution from Harris׳s basic lot size model: Survey and research agenda

Optimal lot sizing policy with power demand and composed shortages under trade credits

Order Size Dependent Trade Credit Study in a Three Echelon Supply Chain Model

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