Supply chain models for perishable products under inflation and permissible delay in payment

Sarker, Bhaba R.; Jamal, A. M. M.; Wang, Shaojun

doi:10.1016/s0305-0548(99)00008-8

Cited by 231 publications

(91 citation statements)

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“…Hariga and BenDaya (1996) then extended Hariga (1995) by removing the restriction of equal replenishment cycle and provided two solution procedures with and without shortages. Later, Ray and Chaudhuri (1997), Chen (1998), Sarker et al (2000), Chung and Lin (2001), and Wee and Law (2001), Hou (2006), Yadav et al (2015) all have investigated the effects of inflation, time value of money and deterioration on inventory models.…”

Section: Introductionmentioning

confidence: 99%

Supply chain management under the effect of trade credit for deteriorating items with ramp-type demand and partial backordering under inflationary environment

Shastri¹,

Singh²,

Gupta³

2015

10.5267/j.uscm

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In this paper, a supply chain inventory model is developed in inflationary environment by incorporating some realistic features such as ramp type demand, deterioration, partial backlogging, inflation, and trade credit. Here, rate of deterioration is linear and partial backlogging rate is variable and dependent on the waiting time for the next replenishment. Depending on the trade credit period, three different situations arise. For each model the optimal replenishment policy is determined. Numerical examples are provided to illustrate the proposed inventory model and sensitivity analyses of optimal solutions are given for each case of trapezoidal demand function.Growing Science Ltd. All rights reserved. 5

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Section: Introductionmentioning

confidence: 99%

Supply chain management under the effect of trade credit for deteriorating items with ramp-type demand and partial backordering under inflationary environment

Shastri¹,

Singh²,

Gupta³

2015

10.5267/j.uscm

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“…Ch teriorating item s a permissible y is greater th uang [7] furthe the units are r payments. All ng assumed t nt or merely de considered an ] simplified th oblem explore of deteriorati arwal and Jag with deteriorati ed the above in er et al [5] de ordering policy permissible del hang [6] estab ms under infl e delay to the han a predeterm er extended G eplenished at the above pap that the marke ependent on th n initial-stock-l Here an amount, borrowed from the money lending source as a loan with interest, is paid to the wholesaler at the beginning on receipt of goods. In return, the wholesaler/supplier offers a relaxed credit period as permissible delay in payment of rest amount.…”

Section: Introducmentioning

confidence: 99%

An EPQ-Based Inventory Model for Deteriorating Items under Stock-Dependent Demand with Immediate Part Payment

Majumder¹,

Bera²

2013

JAMP

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“…Dave (1985) corrected Goyal's model by assuming the fact that the selling price is necessarily higher than its purchase cost. Other many related articles can be found by Aggarwal and Jaggi (1995), Jamal et al (1997), Sarker et al (2000), Ouyang et al (2006). Ghare and Schrader (1963) developed EOQ model with constant deterioration rate.…”

Section: Introductionmentioning

confidence: 99%

A cash flow oriented EOQ model under permissible delay in payments

Tripathi¹,

Misra²,

Shukla³

2011

Int. J. Eng. Sci. Tech

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This study presents an inventory model to determine an optimal ordering policy for non-deteriorating items and timedependent demand rate with delay in payments permitted by the supplier under inflation and time discounting. Mathematical models have been derived under two different situations, i.e. Case I: The permissible delay period is less than or equal to replenishment cycle period for settling the account and Case II: The permissible delay period is greater than replenishment cycle period for settling the account. This study determines the optimal cycle period and optimal payment period for item so that the annual total relevant cost is minimized. An algorithm is given to obtain optimal solution. The main purpose of this paper is to investigate the optimal (minimum) total present value of the costs over the time horizon H for both cases (i.e. case I and II). An algorithm is used to obtain the minimum total present value of the costs over the time horizon H. Finally, a numerical example and sensitivity analysis demonstrate the applicability of the proposed model and managerial insights.

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Supply chain models for perishable products under inflation and permissible delay in payment

Cited by 231 publications

References 0 publications

Supply chain management under the effect of trade credit for deteriorating items with ramp-type demand and partial backordering under inflationary environment

Supply chain management under the effect of trade credit for deteriorating items with ramp-type demand and partial backordering under inflationary environment

An EPQ-Based Inventory Model for Deteriorating Items under Stock-Dependent Demand with Immediate Part Payment

A cash flow oriented EOQ model under permissible delay in payments

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