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

Abstract

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.

Easy and Improved Algorithms to Joint Determination of the Replenishment Lot Size and Number of Shipments for an EPQ Model with Rework

“…Recently, Mathematical and Computational Applications Journal have published some extensions of EOQ and EPQ inventory models i.e. [1][2][5][6][7][8][9][10][11][12]. Also other journals do the same, i.e.…”